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Impressive Childcare Investment - Highly Sought After Tr...

43 Adelaide Road, MOUNT BARKER SA, 5251

Sold

Property Sold in 43 Adelaide Road, MOUNT BARKER SA, 5251

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11352846
Status:
Sold
Price:
Price on Request
Last Updated:
26/07/2019
Icon building

Property Type

Medical/Consulting/Retail/Other
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Land Area

3588 SQM
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Floor Area

1 SQM
Icon parking

Parking

N/A

Impressive Childcare Investment - Highly Sought After Triple Net Lease

+ New triple net lease to Paisley Park to 2049
+ Minimum 3% pa rent increases plus market reviews with ‘ratchet’ provisions
+ One of Adelaide’s fastest growth regions
+ Paisley Park: national early education provider with over 30+ years industry experience and a network of 25 centres
+ Impressive purpose-built child care adjoining character-filled heritage cottage and licensed for 136 LDC places
+ Tenant pays all outgoings including all maintenance (both capital and structural) insurances, rates and land tax
+ Substantial 3,588 sqm main road site within Mt Barker town centre
+ Significant depreciation benefits
+ Net Income: $421,600 pa + GST

Auction
11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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