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High Yielding Childcare Investment

8 Coolabah Drive,Taree NSW 2430

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OfficeSize: n/a
Block size: 1051 m² approx.
Expressions of Interest
Offers close: 1 November 2018
Indicative Price: $1,885,000 (7% yield)

New 20 year lease until August 2038 + options to 2058
Little Flippers: operated by an experienced and expanding childcare provider, strengthened by a strong management team with 13 other facilities
Taree has a catchment population of over 50,000, direct flights to Sydney and is part of the mid-coast powerhouse, an affordable lifestyle region of NSW
Commanding corner position on a generous 1,051 sqm site with the centre recently undergoing significant capital improvements
Highly presentable 55 place childcare centre with occupancy above 94%
Minimum 3% pa rental increases
Lease provisions at market reviews ensuring rent will not reduce (ratchet clause) – provides guaranteed rental growth
Net lease, tenants pays all usual outgoings as per lease

Net Income: $132,000 pa + GST

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Block map

Block Map

Key Details

Property Type:Office
Lot:72
Plan Type:DP
Plan:260606
Block Size:1051 (approx)
Stamp Duty:$82,153

Map

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Taree Suburb Information

 
 
Average Age
46 years
Population
15,848
Taree Profile
Taree Occupancy
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This listing has been viewed 2 times. It was first displayed on 24/09/18 and last updated on 31/10/18.