Exclusive Inner City Childcare Directly Opposite Coles Shopping Centre in Thriving Growth Area

Description

Burgess Rawson is pleased to offer Goodstart Early Learning Linden Park (Adelaide) for sale at 418 Portrush Road, Linden Park SA in Adelaide, for sale via our Investment Portfolio Auction 170.

The property has the following investment highlights:

+ Long 20 year net lease to 2040
+ Two (2) further ten (10) year options extending to 2060
+ Goodstart Early Learning: Australia’s largest early education provider with 664 centres nationally^
+ Attractive net lease with the tenant paying for all usual outgoings as per the lease
+ Compounding annual fixed 3% rental increases
+ Current rental below market value ($1,875/place), with market review due in 2026
+ Ideal location opposite Coles Burnside Village and on key arterial road, Portrush Road, that sees 38,200 vehicles daily^^
+ Education rich precinct with 15,500 students and 24 schools in a 3km^^
+ Well presented centre licensed for 37 LDC places
+ Property values in Linden Park has grown by 19.9% in the last 12 months, 134% stronger then Adelaide which grew by 8.5%^^^
+ Linden Park: inner city suburb 5km* from Adelaide CBD with an annual growth rate of circa 20%^^^^
+ Stamp Duty free investment
+ Net Income: $69,357 pa* + GST

To be sold by Investment Portfolio Auction
10:30 am AEDT Wednesday, 7 August 2024
Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx
** Profile i.d
^ www.goodstart.org.au
^^ gapmaps.com
^^^ realestate.com
^^^^ corelogic

Enquire

Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Natalie Couper Partner
0413 856 983
Enquiry Form

Linden Park, SA

418 Portrush Road

For Sale by Portfolio Auction
Wednesday 7th August 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 170

Price: Contact Agent

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