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Deakin Early Learning Centre, 16/2 King St Deakin, ACT 2600

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Deakin Early Learning Centre, 16/2 King St Deakin, ACT 2600

Shop & Retail
Sold Price

$5,275,000

Land area

2250.0m²

Floor area

624.0m²

Car spaces

19

Sold on

19 Feb 2018

Boutique Childcare Centre Investment Sale, Brand New 20 Yr Lease

  • Brand New 20 Year Lease
  • Attractive 4% Rental Increases
  • 100% Occupancy

Brand new 20 year lease from 20 February 2018, plus options to 2058.

Property 100% leased to Deakin School for Early Learning, exceeding National Quality Framework standards.

Standalone boutique 90 place centre , 20+ years in operation, 100% occupancy.

Large 2,250sqm premises with 19 car spaces on title.

Recent tenant upgrades include decking improvements, new blinds and skylighting, kitchen and office refurbishment, partitions (approx. $150,000).

Close to educational, commercial and medical facilities within 2 King Street precinct in affluent suburb of Deakin.

Guaranteed rental growth with attractive 4% rental increases.

Net lease with tenant paying all usual outgoings.

Net income: $306,000 pa + GST (increasing to $644,000 + GST in 2037).

Property ID: 502684942Last Updated: 22 Apr 2018

Deakin Early Learning Centre, 16/2 King St
Deakin, ACT 2600

Agency contacts

Burgess Rawson Canberra - KINGSTON

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Burgess Rawson Canberra - KINGSTON

152/41 Eastlake Parade
KINGSTON, ACT 2604
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Mitchell Frail
Burgess Rawson Canberra - KINGSTON
Deakin Early Learning Centre, 16/2 King St Deakin, ACT 2600

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

Kind Regards,

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