Stonebridge National Investment Sales is pleased to present to the market ‘I Steam Ahead Centre Brookvale’ (Sydney) for sale via National Portfolio Auction on Wednesday 28 June 2023 at 11am.

The asset has the following key investment features:

· Brand new 20 year net lease to 2043 + options to 2063 with favourable fixed 3.5% annual rent increases and demolition clause to cater for potential redevelopment

· Irreplaceable land and buildings available well below replacement cost, plus favourable B5 Commercial Zoning, providing long term redevelopment potential

· 'I Steam Ahead Childcare' - Proven & established boutique childcare operator rated 'Exceeding' under the National Quality Services framework

· High profile 984 sqm* site improved by a state-of-the-art 79 place facility newly built in 2017, with 20 dedicated basement parking bays

· Ideal childcare location only 250 m* from St Augustine's College & Brookvale Public School (1,500+ combined students*), plus a further 5 schools within 1km and 24 schools within 3 km*

· Sprawling purpose-built facility with premium playscape across multiple levels, offering significant tax depreciation benefits

· Absolute blue chip Pittwater Road landholding with high profile exposure to 20,283+ vehicles daily*, nearby national retailers McDonald’s, Petbarn, Ampol, Hungry Jack’s and Repco

· Only 600 m* from Westfield Warringah Mall Shopping Centre anchored by Coles, Woolworths, & Bunnings, experiencing 10.2+ million annual visits* and servicing a trade area of 750,000 people*

· Brookvale – Key retail, commercial and industrial hub, representing one third of the Northern Beaches employment and home to the largest industrial precinct in Greater Sydney’s North District

· Northern Beaches – Affluent catchment 12 km* to CBD, median house price of $2.6 million is 74%+ above national average*

· Secure net lease structure – tenant pays all usual outgoings including Management Fees and general Repairs & Maintenance

· Attractive Land Tax free commercial investment

· Lease secured by 6 month Bank Guarantee

· Net Income $331,800 pa* + GST

“I Steam Ahead Childcare Brookvale (Sydney)” is for sale via National Portfolio Auction on Wednesday 28 June 2023 at 11am.

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Michael Collins
0404 023 2...

Tom Moreland
0408 072 8...

Kevin Tong 汤聪瑜
0422 848 8...

Property Code: 683