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1-3 Cathie Road Port Macquarie, NSW 2444

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1-3 Cathie Road Port Macquarie, NSW 2444

Offices • Medical & Consulting • Shop & Retail
Sold Price

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Land area

3120.0m²

Floor area

475.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

08 May 2018

High Yielding Childcare Investment - Long 20 Year Lease

  • Long 20 Year Lease to 2037
  • Experienced Childcare Operator
  • (13+ Other Centres)

Secure 20 year lease to 2037 plus two 10 year options to 2057

Minimum 3% pa rental increases plus lease provisions at market review ensuring rent will not reduce (ratchet clause)

Superbly presented 100 place childcare centre with high occupancy

Little Beginnings: experienced regional childcare provider, operated by a strong management team with 13 other centres in NSW and growing

Highly visible corner position on a huge 3,120 sqm site with a street frontage of over 100m

Located in the premier family area of Lighthouse beach, only a short drive from Port Macquarie’s busy waterfront CBD

Port Macquarie Hastings – diversified economy is underpinned by tourism, agricultural industries and a resident population of 80,261 people and is forecast to grow by over 28% to 102,926 by 2036

Net lease with full recovery of outgoings, as per lease

Net Income: $260,000 pa + GST

View virtual Walk-Thru: tinyurl.com/y9n7qdh4

Auction 11am Tuesday 8 May 2018

Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property ID: 502772166Last Updated: 13 Sep 2018

0403 *** ***
1-3 Cathie Road
Port Macquarie, NSW 2444

Agency contacts

Burgess Rawson - Sydney

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Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
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Send to:

Michael Vanstone
Burgess Rawson - Sydney
1-3 Cathie Road Port Macquarie, NSW 2444

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

Kind Regards,

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