SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Newly Renovated 75 Place Childcare

8 Fernhill Road , Port Macquarie NSW

Description

For Sale by Expressions of Interest
Closing 3pm Monday 30 March 2020
Unless sold prior

Long 20 Year Lease to 2037 + Options
9 primary schools within 3 km
Immaculately presented centre with a long history of 100% occupancy
+ Outstanding location amongst the commercial area near Charles Sturt University campus and Base Hospital
+ Port Macquarie: a diverse economy with population forecast to grow by 25% to over 60,000 by 2027
+ Little Beginnings: experienced childcare provider with 12 other centres in NSW and growing
+ Minimum 3% fixed rent increases with ‘ratchet’ provisions ensuring annual rental growth
Net Income: $195,000 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,267 SQM
Building Area
1 SQM

Price

Contact Agent

Contact Agent

Michael Vanstone

0403 580 528

Contact Me

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