Sole Agency
This exceptional property offers a rare opportunity for investors seeking a long-term passive investment with a fantastic yield. The purpose-built childcare centre is leased to National Tenant – Busy Bees with 70+ centres nationwide representing a very strong tenant covenant.
The lease is structured for long-term stability, with a 15-year term that commenced in 2018 and rights of renewal until 2053. In addition, the lease is backed with a 12-month bank guarantee, offering an added layer of security. The property currently returns NET $223,425.54 per annum + gst with built in rental growth.
The freehold landholding spans 1,831 sqm (more or less), with fantastic road frontage on Alfriston Road. The property is zoned Residential Urban, offering the potential for future developments.
Located in a growing residential area, the property enjoys excellent visibility and accessibility, with easy connections to nearby amenities and transport routes.
For more information or to arrange a viewing, please contact us today.