SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Strong Trading Childcare Investment

5-7 Civic Avenue, Singleton NSW

Property Highlights

15 Year Net Lease to 2032 + Options
Desirable 3% annual rent increases
As new 684 sqm facility

Description

+ 15 Year Net Lease to Civic Avenue Early Learning to 2032
+ Two further 5 year options to 2042
+ Civic Avenue Early Learning: successful early education provider with 15+ years industry experience
+ Tenant pays all outgoings
+ As new 684 sqm purpose built child care facility with Service Approval for 103 LDC places
+ Attractive 3% annual rent increases with market reviews at the commencement of each further term
+ Large 3,021 sqm site, adjoining Quest Apartments and metres from St Catherine’s Catholic K-12 College (900+ students enrolled)
+ Strategic position located directly opposite Council Library, Offices and Gym, and only 1 km from the Town Centre
+ Hunter Region: the largest regional economy in Australia, and home to over 9% of the NSW population whilst also being the largest growth centre in NSW outside the Sydney basin
+ Child Care/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector during the 2019–20 financial year
+ Net Income: $294,930 pa + GST and Outgoings

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,021 SQM
Building Area
684 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights