Thriving Inner Sydney Childcare Investment | 15 Year Net Lease To National Tenant

Details

Burgess Rawson and I.B Property are pleased to present 4B Huntley Street, Alexandria NSW 2015 to the market for sale via Expressions of Interest.

The property has the following key highlights:

– Leased to 2034 plus 10 + 10 year options extending to 2054
– Story House are a leading national education provider with over 50 centres
– Compounding 4% annual rent increases
– Strong education rich precinct with 15 schools within a 5 min drive
– 90 LDC place centre, within the vibrant commercial hub and steps from the newly gentrified residential surrounds and The Grounds of Alexandria
– Huge title plate area of 2,387sqm*, including 19 designated car spaces
– Alexandria: young professional inner city suburb growing at over 4 times the NSW state average
– Education rich precinct with 18 schools within a 5 min drive of the facility
– Attractive net lease structure – tenant pays all usual outgoings, including Insurance and Management Fees
– Land Tax free commercial investment (NSW only)
– Child Care/Early Education is an essential service and one of Australia’s most sought-after asset classes; both the Federal and State Governments have allocated unprecedented funding to support this sector. In 2022-2023, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.^
– Net Income: $415,415 pa* + GST

To be sold by Expressions of Interest
Closing 18 October 2023 at 4pm

*Approx
^Australian Government – Department of Education | Child Care Subsidy Reform

Contact our exclusive selling agent Shane Blackett 0410 093 392 and Izabella Manning 0411 822 772 for more information.