Sold
188 John Street,
Singleton 2330, New South Wales
Price withheld
Property details
-
Agents
CHILDCARE CENTRE INVESTMENT OPPORTUNITY
Ray White Commercial (SC), in conjunction with Colliers International, is pleased to present 188 John Street, Singleton for sale via Expressions of Interest.
This outstanding investment opportunity offers an initial net rental return of $344,000 + GST* per annum, with the annual rent review being the greater of CPI and a 4% fixed increase. The property is currently under construction, and on completion will be leased by the well established operators 'Bristol Group'. This investment opportunity is approved for an 86-place childcare centre. The centre will be one of 13 centres managed by the group across NSW. Construction is expected to be completed in January 2023.
The property is positioned in the heart of Singleton, which is forecast to be one of the Hunter Region's key residential growth areas. By 2036, the population of Singleton will grow by an estimated 3,900 people requiring an additional 2,000 new dwellings. This will drive further development of social infrastructure as residents start to occupy homes and require services including childcare. Demand for childcare service is likely to remain buoyed in the region in line with population needs.
Benefiting from its central position in easy proximity to multiple primary schools and local amenities, plus excellent supply and demand ratio (4.9:1) for childcare places in the area, the property presents an outstanding investment opportunity.
Additional highlights of the asset include:
• Lease signed with established operator
• Net income of $344,000 + GST* per annum
• Lease term of 15 years with 10 + 10 year options; Triple net lease
• Rent review - the greater of CPI and a 4% fixed increase
• New build with strong depreciation benefits
• Strong, 'set and forget' asset class
• DA approved for 86-place childcare centre, 27 car parking spaces and associated landscaping
• Site area - 2,406sqm*
• Central position in easy proximity to multiple primary schools
• The property is currently under construction. Settlement will take place upon the issue of the Occupation Certificate.
• Ongrade parking (no basement)
• 4.9:1 supply and demand ratio for childcare centres
• Strong economic and population growth forecasted
• Close to all local amenities including professional services and shopping centres
188 John Street, Singleton is offered for sale via Expressions of Interest. For further information, please contact the exclusive selling agents below.
* Approximately
This outstanding investment opportunity offers an initial net rental return of $344,000 + GST* per annum, with the annual rent review being the greater of CPI and a 4% fixed increase. The property is currently under construction, and on completion will be leased by the well established operators 'Bristol Group'. This investment opportunity is approved for an 86-place childcare centre. The centre will be one of 13 centres managed by the group across NSW. Construction is expected to be completed in January 2023.
The property is positioned in the heart of Singleton, which is forecast to be one of the Hunter Region's key residential growth areas. By 2036, the population of Singleton will grow by an estimated 3,900 people requiring an additional 2,000 new dwellings. This will drive further development of social infrastructure as residents start to occupy homes and require services including childcare. Demand for childcare service is likely to remain buoyed in the region in line with population needs.
Benefiting from its central position in easy proximity to multiple primary schools and local amenities, plus excellent supply and demand ratio (4.9:1) for childcare places in the area, the property presents an outstanding investment opportunity.
Additional highlights of the asset include:
• Lease signed with established operator
• Net income of $344,000 + GST* per annum
• Lease term of 15 years with 10 + 10 year options; Triple net lease
• Rent review - the greater of CPI and a 4% fixed increase
• New build with strong depreciation benefits
• Strong, 'set and forget' asset class
• DA approved for 86-place childcare centre, 27 car parking spaces and associated landscaping
• Site area - 2,406sqm*
• Central position in easy proximity to multiple primary schools
• The property is currently under construction. Settlement will take place upon the issue of the Occupation Certificate.
• Ongrade parking (no basement)
• 4.9:1 supply and demand ratio for childcare centres
• Strong economic and population growth forecasted
• Close to all local amenities including professional services and shopping centres
188 John Street, Singleton is offered for sale via Expressions of Interest. For further information, please contact the exclusive selling agents below.
* Approximately
Explore the area
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
Photos
Contact Samuel Hadgelias
Contact Samuel Hadgelias
Samuel Hadgelias
188 John Street, Singleton NSW 2330
Request a callback
Samuel Hadgelias
188 John Street, Singleton NSW 2330