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Brand New Childcare Investment - Zero Stamp Duty

2 Hyacinth Crescent, CHRISTIE DOWNS SA, 5164

Sold

Property Sold in 2 Hyacinth Crescent, CHRISTIE DOWNS SA, 5164

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11306785
Status:
Sold
Price:
Price on Request
Last Updated:
15/07/2019
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Property Type

Medical/Consulting/Other/Retail
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Land Area

3290 SQM
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Floor Area

773 SQM
Icon parking

Parking

N/A

Brand New Childcare Investment - Zero Stamp Duty

Pay no Stamp Duty: 100% exemption applies
New 10 year lease to Treasured Tots to 2027 plus two 10 year options
Treasured Tots Montessori: a wholly owned childcare subsidiary of Precious Cargo Montessori with a network of 11 centres across Adelaide
New purpose-built 773 sqm child care facility, licensed for 137 LDC places
Annual CPI rent reviews plus market review at option
Tenant pays all usual outgoings plus 7% pa management fees (currently equating to $15,823 pa)
Strategic 3,290 sqm corner site located metres from Christie Downs Primary School and the Noarlunga retail precinct with Coles-anchored Colonnades Shopping Centre
Substantial taxation saving depreciation benefits
Net Income: $230,571 pa + $16,139 pa (management fees) as at Sep 2018

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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