High Yielding Childcare Investment

8 coolabah drive, taree nsw

Price: Contact Agent

  • New 20 Year Lease to 2038
  • Plus Options to 2058
  • Strong Performing Operator

Property Details

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

Featured Details

Current Tenant Tenanted
Gross Building Area 1051 sqm
Land Size 1,051 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003390

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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