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5-7 Civic Avenue, SINGLETON NSW, 2330

Sold
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Property Sold in 5-7 Civic Avenue, SINGLETON NSW, 2330

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11388958
Status:
Sold
Last Updated:
22/09/2020
Price:
Price on Request
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Property Type

Medical/Consulting/Retail/Other
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Land Area

3021 SQM
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Floor Area

684 SQM
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Parking

N/A

Strong Trading Childcare Investment

+ 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

For more details, please email agent


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Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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