Brand New Affordable Childcare

Description

Burgess Rawson is delighted to offer to the market 2-4 Pitt Street, Cowra NSW for sale via our Investment Auction Portfolio 163.

The property has the following key investment highlights:

+ New 15 year lease to 2038 plus 2 further 10 year options to 2058
+ Little Kindy: experienced operator with 12 locations
+ Impressive new facility will offer substantial depreciation
+ Strong trading and at capacity, 43 LDC place centre
+ Ideal corner position, opposite Mulyan Public School
+ Tenant responsible for 100% of outgoings, as per lease
+ Fixed 3% annual rent increases
+ Market Review on each 10th anniversary of the commencement date to the higher of market rent and fixed 3.5%
+ Net Income: $141,447 pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Tuesday 12 September 2023
Sydney Opera House

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.

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Contact agents
Kieran Bourke Partner
0417 418 007
Michael Vanstone Director | Childcare
0403 580 528
Enquiry Form

Cowra, NSW

2-4 Pitt Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 163

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