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CBRE - Sydney

168 Garden Street North Narrabeen, NSW 2101

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168 Garden Street,
North Narrabeen, NSW 2101

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Sale - Auction

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CBRE - Sydney
168 Garden Street
North Narrabeen, NSW 2101
CBRE - Sydney
Toby Silk
Aaron Arias
Nicholas Heaton

CBRE - Sydney

Level 21, 363 George Street
SYDNEY, NSW 2000

Map of 168 Garden Street

Directions
  • Bus stops within 5 km of 168 Garden Street, North Narrabeen, NSW 2101Distance
    Garden St Opp Irrawong Rd189 m
    Garden St After Irrawong Rd213 m
    Katoa Reserve, Garden St213 m
    Powder Works Rd at Cooleena Rd338 m
    Opal Seaside Aged Care, Garden St371 m
    POWERED BY HERE ©
POWERED BY HERE ©

BRAND NEW 64-PLACE CHILDCARE CENTRE WITH NEW 10 YEAR LEASE + OPTIONS TO 2049

  • Brand new 64-place childcare centre
  • New 10-year lease | Options to 2049
  • Net Rent $283,937.50* per annum
CBRE as the exclusive sales agents are pleased to present, 168 Garden Street, North Narrabeen.

Golden Seeds Early Learning, North Narrabeen is a brand new purpose-built childcare centre based in Sydney's Northern Beaches. The property sits on a large 1,126sqm parcel of land with a 776sqm* total play area.

The property benefits from the following key
attributes:

- Brand new 64-place (potential to increase to 75* places subject to approval) childcare centre, Golden Seeds Early Learning
- New 10-year lease with 2 x 10-year options until August 2049
- Net rent $283,937.50 with 3.25% annual increases. If the tenant is granted additional places the rent increases by $4,300 per additional child.
- Newly completed building with significant depreciation benefits
- New 10-year lease with options to August 2049
- Large land area of 1,126sqm* with 16 basement car spaces
- 234sqm* of indoor play area and 542sqm* of outdoor play area
- Strong performing family suburb with a high demand for childcare
- Defensive asset class with significant Government support

The property will be sold via public auction on Tuesday, 22nd September 2020 at AuctionWORKS (Live stream and online bidding available)

*approximate

Property ID: 503643546Last Updated: 22 Oct 2020

Agency contacts

CBRE - Sydney
CBRE - Sydney
Level 21, 363 George Street
SYDNEY, NSW 2000
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Toby Silk

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Toby Silk
CBRE - Sydney
168 Garden Street North Narrabeen, NSW 2101

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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