Burgess Rawson is delighted to present a unique opportunity in the tightly held childcare investment sector. Rarely do Tasmanian childcare investment opportunities become available on the market, making 1 Rowitta Road, Lindisfarne TAS a highly coveted asset. This opportunity has the following key investment highlights: + 20-year net lease to Child's Play Early Learning to 2042 + Two (2) further Ten (10) year option to 2062 + Child’s Play Early Learning: A highly experienced boutique provider with two local Tasmanian centres and a network of mainland centres. + High Sought Annual CPI rent reviews. + Tenant pays all usual outgoings including single holding land tax. + Impressive purpose-built childcare centre licensed for 82 LDC places, offering significant depreciation benefits. + Positioned in highly sought-after, established blue-chip waterfront location with significant barriers to entry due to the lack of available suitable land. + Established and successful centre in operation since 2019, renowned for high occupancy and a substantial waitlist of over 200 children + Located within a significant schooling precinct, 100 metres from St Cuthberts Catholic Primary School, 650 metres from Lindisfarne North Primary School, and within a 3km radius of an additional 9 primary and secondary schools, collectively servicing over 4,300 full-time students. + Strategically positioned 2,107 sqm corner site, only 40 metres from the East Derwent Highway, servicing 17,900+ vehicles daily. The centre is also within 260 metres of the Lindisfarne main shopping precinct, featuring Woolworths, Chemist Warehouse, various eateries, and a medical centre. Tasmania: Consistently leading the nation in CommSec's State of the States economic report over the past three years and is currently ranked #2 in equipment spending. + Child care/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^^^. + Net Income: $266,665 pa + GST* Please contact the exclusively appointed Burgess Rawson childcare team for more information. This property is offered for sale via Portfolio Auction, scheduled for 10:30am (AEST) on Wednesday, 7 August 2024, at Crown Casino, Melbourne.
Email enquiry to Burgess Rawson - Melbourne
Properti ID: 504636992