5 Central Parade, Murwillumbah, NSW 2484
- Property No. 503897618
- Show Page Visits
- Sold Contact Agent
- Thu 30-Sep-21
Impressive Childcare Investment | 15 Year Triple Net Lease to 2030
- Min 2.5% annual rent increases
- Tenant pays 100% of outgoings
- 3,269sqm site with triple st frontage
- Floor Area
- 1 m²
- Tenure Type
- Tenanted Investment
- Building
- Whole
- Last Updated
- Oct 21, 2021
Interested in this property? Contact an Agent today
Impressive Childcare Investment | 15 Year Triple Net Lease to 2030
+ 15 year triple net lease to Petit Early Learning Journey to 2030
+ Two further 5 year options to 2040
+ Petit Early Learning Journey: highly experienced and successful early education provider with 17 centres across the eastern seaboard
+ Minimum 2.5% annual rent increases plus ratchet provisions at market review, ensuring rental growth.
+ Tenant pays 100% of outgoings including: all maintenance (both capital and structural), rates, insurance and management fees
+ Purpose-built 715 sqm child care facility, licensed for 110 LDC places
+ Land Tax exempt commercial investment
+ Large 3,269sqm site with triple street frontage
+ Murwillumbah: sough-after location on the Tweed River only 16km from Cabarita Beach, Casuarina and Kingscliff
+ Northern Rivers Region: Home to 307,047 people, supporting 107,411 jobs, and with an annual economic output of $32.683 billion.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted