Property ID: 21142957
Securely leased to an established childcare operator
10 + 10 + 10 year lease commenced on 30th November 2018
Current net income $430,000 per annum + GST (increasing to $445,050 on 30/11/19)
Licensed for 86 places
Fixed annual increases of 3.5%
Lessees contribution of $850,000
Excellent depreciation benefits
Highest quality fitout
Site area of 1304sqm
|Zoning||R1 General Residential|
Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.
The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.
Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.