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89 Benjamin Lee Drive, Raymond Terrace, NSW 2324

89 Benjamin Lee Drive, Raymond Terrace, NSW 2324

Retail Medical/Consulting Showrooms/Bulky Goods

  • Sold Contact Agent
  • Fri 19-Mar-21

Well Located Childcare Centre Opposite School

  • 15 Year Triple Net Lease to 2031 + Opts
  • Prominent Location - Close to Schools
  • Net Income $72,426 pa + GST

  • Land Area
  • 978.00 m² (approx)
  • Floor Area
  • 1 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 10, 2021

Interested in this property? Contact an Agent today

Cushman & Wakefield - Sydney

Level 22, 1 O'Connell Street

Sydney NSW 2000

Michael Collins, Cushman & Wakefield - Sydney
Michael Collins
Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street

Brisbane City Qld 4000

Tom Moreland, Cushman & Wakefield - Brisbane
Tom Moreland

Well Located Childcare Centre Opposite School

Cushman & Wakefield is pleased to present to the market 89 Benjamin Lee Drive, Raymond Terrace for Sale via Auction.

The property has the following key characteristics:

- 15 year triple net lease to 2031 + options to 2041
- Creative Minds ELC - Longstanding operator with significant experience & track record
- Prominent arterial road location opposite parklands & close to local schools & shops
- Modern purpose built centre with a quality playscape area, licensed for 39 places & boasting strong occupancy
- Triple Net Lease - Tenant pays all outgoings including Management Fees & Structural Repairs & Maintenance
- Lease secured by 6 month Bank Guarantee & Director’s Personal Guarantees
- 2 years 6 months notice period to exercise options
- Raymond Terrace - Strong major regional centre located on the Pacific Highway 29 km north of Newcastle Minimum 3% annual rent increases
- Minimum 3% annual rent increases
- Net Income $72,426 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3

89 Benjamin Lee Drive, Raymond Terrace, NSW 2324

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