How about this for an investment? A long, long lease with options, a national tenant who pays all the outgoings, and a property that benefits from increasing residential land values.
It’s been said more than once that childcare centres are among the most sought-after commercial investments going.
This recently built option in Throsby exudes investment star power. It has a lease with national childcare provider 360 Early Education – a 10-year term that was only signed last month, and backed up by three 10-year options.
The benefits don’t end there. There’s net income of $368,000 a year along with automatic annual 3 per cent rent increases.
The 92-place childcare centre is designed to meet modern standards in early education and occupies a footprint of 683 square metres on a 2410-square-metre block.
The contemporary building also offers green credentials, with a 65-kilowatt rooftop solar system and generous on-site parking.
Agent Guy Randell of Burgess Rawson says Throsby is a growing area with long-term demand for childcare.
“360 Early Education is demonstrating their commitment with a long lease and multiple options,” he says. “It’s a quality-built complex that will provide a long-term, secure investment for any savvy investor.
“This is one of the best I have seen and it will become the centre of choice for many parents.”
The property will be auctioned at the Sydney Opera House.