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Address available on request Kambah, ACT 2902

Sold

Address available on request Kambah, ACT 2902

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Sold Price

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Floor area

4102.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

29 Sep 2017

Childcare Investment with 10 year Lease

Located adjacent to the main trunk road connecting all major Canberra centres is this prime opportunity to purchase a long lease holding in the very tight Canberra investment market. Leased to Goodstart Early Learning on an initial 15 year lease which commenced in 2007 with 2 x 5 year options, the tenant has demonstrated commitment to the property by recently exercising their first 5 year option, signifying longevity in one of the most demanded geographic regions of Canberra. Accordingly, the lease has a remaining 10 year term with expiry 2027.

The investment is very-well located nearby health and school facilities, supermarkets, retail, food services and other core domestic amenities. The property is also positioned approximately 1 kilometre from the thriving Tuggeranong Town Centre, which accommodates a major retail and Government workforce including Department of Human Services and Department of Social Services.

This will be one of the best value investments offered for sale this year.

• Leased to established Goodstart Early Learning expiring June 2027
• Net Income: $155,430 per annum
• Prime location, adjacent to major arterial roads, widening potential catchment area
• Triple net lease with tenant paying 100% of outgoings.

Please contact Knight Frank Canberra for full details.

Property ID: 502491690Last Updated: 16 Oct 2017

0411 *** ***
Address available on request
Kambah, ACT 2902

Agency contacts

Knight Frank - Canberra

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Knight Frank - Canberra

Level 4, 64 Allara Street
CITY, ACT 2601
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Daniel McGrath
Knight Frank - Canberra
Address available on request Kambah, ACT 2902

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

Kind Regards,

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