+ 15 Year Net Lease to Civic Avenue Early Learning to 2032
+ Two further 5 year options to 2042
+ Civic Avenue Early Learning: successful early education provider with 15+ years industry experience
+ Tenant pays all outgoings
+ As new 684 sqm purpose built child care facility with Service Approval for 103 LDC places
+ Attractive 3% annual rent increases with market reviews at the commencement of each further term
+ Large 3,021 sqm site, adjoining Quest Apartments and metres from St Catherine’s Catholic K-12 College (900+ students enrolled)
+ Strategic position located directly opposite Council Library, Offices and Gym, and only 1 km from the Town Centre
+ Hunter Region: the largest regional economy in Australia, and home to over 9% of the NSW population whilst also being the largest growth centre in NSW outside the Sydney basin
+ Child Care/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector during the 2019–20 financial year
+ Net Income: $294,930 pa + GST and Outgoings