Goodstart, 5 Tennent Road,
Mount Hutton, NSW 2290
Medical & Consulting • Offices • Shops & Retail
Price information
Sale - Auction Wed 15 May
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$89,217
Number of Tenants
1 Tenant
Tenants / Type
Goodstart Early Learning
Auction
Private inspections
to arrange a private inspection.
Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh StreetSYDNEY, NSW 2000
Goodstart, 5 Tennent Road
Mount Hutton, NSW 2290
Map of Goodstart, 5 Tennent Road
Train stations within 5 km of Goodstart, 5 Tennent Road, Mount Hutton, NSW 2290 Distance Cardiff Station 4.3 km Kotara Station 5 km POWERED BY HERE ©Bus stops within 5 km of Goodstart, 5 Tennent Road, Mount Hutton, NSW 2290 Distance Warners Bay Rd Opp Bayview St 318 m Wilsons Rd Opp Tango St 320 m Warners Bay Rd After Bayview St 446 m Wilsons Rd Opp Lake Macquarie Fair 552 m Warners Bay Rd After Old Warners Bay Rd 602 m POWERED BY HERE ©
POWERED BY HERE ©
High Performing Entry Level Childcare | Rare Triple Net Lease To Australia's Largest Operator
- Triple Net Lease to 2026 + Option
- Goodstart Early Learning: 660 sites
- Long History Of Strong Occupancy
Burgess Rawson is pleased to offer 5 Tennent Road, Mount Hutton (Newcastle) NSW, for sale via our Investment Portfolio Auction 168.
The property has the following investment highlights:
+ Triple net lease to 2026 plus a further 5 year option to 2031
+ Goodstart Early Learning: Australia’s largest early education provider with 660 centres nationally
+ Triple net lease structure - Tenant pays 100% of outgoings incl. Management Fees, Repairs & Maintenance and Structural Capex
+ Lease secured by Bank Guarantee equivalent to 6 months’ Rent and Outgoings (plus GST)
+ Strong rental uplift from below market rental ($2,348/place) and uncapped CPI rent reviews
+ Well presented 38 LDC place centre rated ‘Exceeding’ NQS^
+ Ideal position - 18 schools in 3km* of the property
+ Strategically located close to ALDI, Mount Hutton public school & Woolworths/Coles Lake Macquarie Shopping Centre
+ Mount Hutton: 9km* from Newcastle CBD, forecast to grow over 21% by 2046
+ Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes, heavily supported by Federal and State government funding. In 2023-2024, the Federal Government contributed over $11.6 billion in funding for early childhood education plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in 2023. This reform aims to make early education and care more affordable for around 1.3 million families across the country.^^
+ Net Income: $89,217 pa* + GST
To be sold by Investment Portfolio Auction
10:30 am AEDT Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: www.portfolioauctions.com.au"
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx
**Gapmaps webportal
^National Quality Standard - Childcare
^^Australian Government - Department of Education | Child Care Subsidy Reform
The property has the following investment highlights:
+ Triple net lease to 2026 plus a further 5 year option to 2031
+ Goodstart Early Learning: Australia’s largest early education provider with 660 centres nationally
+ Triple net lease structure - Tenant pays 100% of outgoings incl. Management Fees, Repairs & Maintenance and Structural Capex
+ Lease secured by Bank Guarantee equivalent to 6 months’ Rent and Outgoings (plus GST)
+ Strong rental uplift from below market rental ($2,348/place) and uncapped CPI rent reviews
+ Well presented 38 LDC place centre rated ‘Exceeding’ NQS^
+ Ideal position - 18 schools in 3km* of the property
+ Strategically located close to ALDI, Mount Hutton public school & Woolworths/Coles Lake Macquarie Shopping Centre
+ Mount Hutton: 9km* from Newcastle CBD, forecast to grow over 21% by 2046
+ Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes, heavily supported by Federal and State government funding. In 2023-2024, the Federal Government contributed over $11.6 billion in funding for early childhood education plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in 2023. This reform aims to make early education and care more affordable for around 1.3 million families across the country.^^
+ Net Income: $89,217 pa* + GST
To be sold by Investment Portfolio Auction
10:30 am AEDT Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: www.portfolioauctions.com.au"
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx
**Gapmaps webportal
^National Quality Standard - Childcare
^^Australian Government - Department of Education | Child Care Subsidy Reform
Property ID: 504569728Last Updated: 3 May 2024
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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