1 Portland Avenue, Sturt, SA 5047

Knight Frank is pleased to offer to market 1 Portland Avenue, Sturt for Sale via Expression of Interest.
Goldilocks Childcare Centre is currently home to 45 childcare spaces privately owned and operated early childcare education provider with a network of centres across, two in NSW & SA. 

The property has the following investment highlights:
• Renewed Lease to AKA Technology & Management Ideas Pty Ltd Trading as Goldilocks Childcare Centre
• Net annual income of $61,858* + GST as at 1st September 2024 with lease options to 2043
• Lease structure with CPI rental increases and market review at renewal 
• Impressive 1,129 sqm* corner site licensed for 45 places, with direct connectivity to Seacombe Gardens Primary School (750m), Mercades Collage (12km) and Flinders University (2.9km)
• Positioned within the heart of Sturt, seamless connectivity with Diagonal Road and Seacombe Road connecting South and North 
• Conveniently situated 2.5kms* from Marion Road and Southern Expressway (13,400+ vehicles daily)
• Childcare/ Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.
• Stamp Duty free investment

Expressions of Interest Closing 14th of November 2024 at 4:00pm ACDT. All inspections must be with the exclusive agents and by appointment only.