DEMAND SECTOR: The property is located 2 Darlaston Avenue and has a new 15-year lease plus options to 2053. The net income on the property is $197,925 per annum plus GST. Strong interest is expected for abrand-new 91-place childcare centre when the Thornton property goes to auction on Tuesday.
Burgess Rawson are marketing the G8 Education early years learning centre which is positioned on a 2479 square metre corner site with 24 on-site car parks
Sales exectutive Michael Vanstone said the property provided investorswith an opportunity to buy intoAustralia’s fastest growing investment class.
MrVanstone saiddemand from investors for childcare assets this year was outweighing supply.
“The childcare market has certainly been a popular investment option in recent months, and with the market receiving strong growth throughout Australia, properties are often considered trophies amongst serious commercial property investors,”Mr Vanstone said.
“An appealing location, secure long-term lease, brand new purpose-built facility and significant tax depreciation benefits are just some of the factors that cement this property as a must-buy for investors seeking a secure, long-term investment.
“Thornton itself is a rapidly expanding area within the western growth corridor of greater Newcastle, fuelled by extensive residential and commercial developments, suggesting this asset’s value will only increase over the coming years. “
The property is located at 2 Darlaston Avenue and has a new 15-year lease plus options to 2053.
The net income on the property is $197,925 per annum plusGST with four per cent fixed annual rent increases.
The property will auction at Sydney’s Doltone House.
OPPORTUNITY IN LAMBTON SHOPColliers International will take a shopfront with rear courtyard at 111 Elder Street in Lambton to auction on Thursday. It has a B2 Local Centre zoning and is offered with vacant possession.