CBRE are pleased to present to market Bright Steps Academy Blair Athol located at 381-387 Prospect Road, Blair Athol SA for sale via Expression of Interest.

The property has the following investment highlights:

+ Brand new twenty (20) year lease to 2045
+ Two (2) further ten (10) year options to 2065
+ Bright Steps Academy: privately owned and operated early education provider with a network of centres across SA, VIC, ACT & NSW
+ Fast-growing childcare brand with 8 centres to be operating in SA by the end of 2026
+ Landlord-favourable 3.5% annual rent reviews with market rent reviews every 10 years
+ Tenant pays all outgoings including land tax (single holding) and management fees
+ High-quality purpose-built centre with a gross building area of 1,033 sqm*
+ Major refurbishment recently undertaken, presenting a premium childcare offering
+ Significant corner site of 3,074 sqm* offering 32 on-site parking spaces and over 70 metres* of frontage to Prospect Road
+ High-profile location with exposure to 12,300* passing cars daily and within 6 kilometres* of the Adelaide CBD
+ Blair Athol: Low childcare supply in the area with a high demand for childcare places
+ Stamp duty free commercial leased investment
+ Net Income: $575,078 p.a.

For sale via Expressions of Interest closing Thursday, 26th of February at 4:00pm ACDT.

Please contact our agents:
Oliver Grivell: 0478 069 579
Rhyce Scott: 0422 960 585
Adam Thomas: 0418 998 971

*Approximately
RLA208125