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

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

Retail

  • Sold $5,275,000
  • Mon 19-Feb-18

Boutique Childcare Centre Investment Sale, Brand New 20 Yr Lease

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

  • Land Area
  • 2250.00 m² (approx)
  • Floor Area
  • 624 m²
  • Last Updated
  • Apr 23, 2018
  • Car Spaces
  • 19

Interested in this property? Contact an Agent today

Burgess Rawson Canberra - KINGSTON

152/41 Eastlake Parade

Kingston ACT 2604

Mitchell Frail

Boutique Childcare Centre Investment Sale, Brand New 20 Yr Lease

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).

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

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