Affordable Childcare Freehold Investment | 12 Year Net Lease to Premium Operator
6 North Parade, Strathalbyn SA
Property Highlights
Description
+ Secure 12 year net lease to Where We Grow to 2032
+ Two further 12 year options to 2056
+ Where we Grow: premium early education provider with a network of 8 centres
+ Desirable 3% annual rent increases (from 2023)
+ Tenant pays all usual outgoings
+ As new construction with significant depreciation benefits
+ Architecturally designed, child care facility with approval for 75 LDC places
+ Prominent 1,556sqm site, located within close proximity to two primary schools and 850 metres from the Strathalbyn town centre
+ Strathalbyn: rapidly evolving satellite city, situated 55 kilometres from the Adelaide CBD
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Stamp Duty free investment opportunity
+ Net Income: $156,221pa + GST
For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021
*Mitchell Institute, Australian Investment in Education: Early Learning.
RLA 293472
Property Details