20 year net lease to Little Scribblers to 2032 plus options to 2042.
Little Scribblers ELC: highly experienced early education provider with five further centres in Sydney.
Highly desirable fixed 3.5% annual rent increases with ‘ratchet’ provisions at market review ensuring rent cannot reduce.
Recently upgraded dual-level child care facility licensed for 75 LDC places.
Tenant pays all usual outgoings including land tax.
Substantial 1,619 sqm site within complimentary residential precinct.
Centrally located metres from Ferry Road, 800 metres from the Woolworths-anchored Southport Park Shopping Centre and minutes to both the Southport CBD and Surfers Paradise.
Southport: major residential and commercial centre of the city of the Gold Coast – host city of the 2018 Commonwealth Games.
Net Income: $166,876 pa + GST and Outgoings.
Auction 11am AEST Tuesday 8 May 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney
For more details, please email agent