Purpose Built 112 Place Childcare Centre
Ray White Commercial is pleased to present the opportunity to purchase 42 Waterworth Drive, Narellan Vale. A prominent childcare centre in one of the fastest growing regions in New South Wales. The site is currently leased to Little Zak's Academy, a well-known childcare provider which has been operating in the childcare sector for 25 years.
42 Waterworth Drive offers the following key attributes to investors:
*Purpose built centre with Little Zak's Academy
*10 + 10 + 10-year triple net lease (2048)
*Substantial net income of $494,000 p.a. + GST with 4% annual increases
*All outgoings paid by tenant
*Centre is fully booked till 2020 (as per centre manager)
*Construction completed in 2018 with depreciation report available
*Vast land holding of 2,616 square metres*
*Located in Camden Local Government Area, one of the fastest growing areas in Australia
*Adjoing primary and high school
*Situated near rapidly developing suburbs such as Spring Farm, Oran Park, Harrington Park, Elderslie, Gregory Hills and Smeaton Grange
*Close proximity to Macarthur Square Shopping Centre and Narellan Town Centre
*Accessibility to major business centres such as Campbelltown CBD and Macarthur CBD
The property is offered for sale via Public Auction on Tuesday 12 November 2019 at 10:30am (AEDT).
Venue: AuctionWorks, Mezzanine Level, 50 Margaret Street, Sydney NSW 2000
For further information, please contact the exclusive selling agents.
42 Waterworth Drive offers the following key attributes to investors:
*Purpose built centre with Little Zak's Academy
*10 + 10 + 10-year triple net lease (2048)
*Substantial net income of $494,000 p.a. + GST with 4% annual increases
*All outgoings paid by tenant
*Centre is fully booked till 2020 (as per centre manager)
*Construction completed in 2018 with depreciation report available
*Vast land holding of 2,616 square metres*
*Located in Camden Local Government Area, one of the fastest growing areas in Australia
*Adjoing primary and high school
*Situated near rapidly developing suburbs such as Spring Farm, Oran Park, Harrington Park, Elderslie, Gregory Hills and Smeaton Grange
*Close proximity to Macarthur Square Shopping Centre and Narellan Town Centre
*Accessibility to major business centres such as Campbelltown CBD and Macarthur CBD
The property is offered for sale via Public Auction on Tuesday 12 November 2019 at 10:30am (AEDT).
Venue: AuctionWorks, Mezzanine Level, 50 Margaret Street, Sydney NSW 2000
For further information, please contact the exclusive selling agents.