Freehold Investment Childcare Property for Sale
Location: Smithfield Plains, South Australia
Number of Places: 85 LDC
Sale Price: $2,850,000.00
Tenanted by Think Childcare Ltd-multi centre operators..
Located in the prosperous South Australian suburb of Smithfield Plains, with a lease anchored by the highly respected Think Childcare & Education group, this is an outstanding freehold investment.
The current rent is $196,300.00 PA and the lease consists of a 7-year term which commenced in Jan 2018 with a further 5 x 5 x 5 year options.
Annual rent increases are 3.00% with a market review at the beginning of each term. The tenant pays all outgoings and there are substantial depreciation benefits associated with this building.
Get in on this opportunity before it disappears!
Childcare Property Sales team members operate through Beyond Reserve Pty Ltd trading as Harcourts Coastal in conjunction with GC Platinum Properties Pty Ltd.