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