High Yielding Childcare Investment
8 Coolabah Drive , Taree NSW
Property Highlights
Description
Expressions of Interest
Offers close: 1 November 2018
Indicative Price: $1,885,000 (7% yield)
New 20 year lease until August 2038 + options to 2058
Little Flippers: operated by an experienced and expanding childcare provider, strengthened by a strong management team with 13 other facilities
Taree has a catchment population of over 50,000, direct flights to Sydney and is part of the mid-coast powerhouse, an affordable lifestyle region of NSW
Commanding corner position on a generous 1,051 sqm site with the centre recently undergoing significant capital improvements
Highly presentable 55 place childcare centre with occupancy above 94%
Minimum 3% pa rental increases
Lease provisions at market reviews ensuring rent will not reduce (ratchet clause) – provides guaranteed rental growth
Net lease, tenants pays all usual outgoings as per lease
Net Income: $132,000 pa + GST
Property Details