New 20 year lease to July 2037 & 10 + 10 year options to 2057.
Modern 66 place purpose built childcare centre with strong occupancy.
Little Beginnings: Established regional childcare provider, operated by a experienced management team with 15 other facilities in NSW.
Highly visible main road position on a generous 2,294 sqm corner site with the centre undergoing recent major capital improvements.
Taree is part of the mid-coast region of NSW with a total population of 91,648 which is forecasted to grow by over 40% by 2036.
Attractive 3% pa. increases plus ratchet (rent cannot go down) provisions ensuring guaranteed rental growth.
Net lease, tenants pays all usual outgoings as per lease.
Net Income: $158,400 pa + GST.