Newstead Childcare Centre, 59B Amy Road, Newstead, Tas 7250

Burgess Rawson are pleased to offer to the market 'Newstead Childcare Centre' located at 59B Amy Road, Newstead TAS for sale by Private Treaty

The property has the following key investment highlights:        
 
+ Brand new Fifteen (15) year net lease to Newstead Childcare Centre to 2039.
+ Two (2) further Ten (10) year options to 2059.
+ Newstead Childcare Centre: high performing childcare provider trading 20+ years and with an extensive waitlist.
+ Rated ‘Exceeding’ under the National Quality Standards.
+ Favourable annual rent reviews to the greater of CPI or 3%.  
+ Investor preferred net lease terms with the tenant responsible for all outgoings including land tax.
+ Well-maintained 883sqm* childcare centre licensed for 106 LDC places.
+ Significant 5,593sqm* freehold landholding with 23 on-title car parking spaces.
+ Situated amongst significant educational precinct – 4 schools within 1km* that combine to service 2,465+ full-time students.(1)
+ Absolute Newstead (Launceston) CBD location with Coles (Wellington St, Charles St & Elphin Rd), Woolworths, Target, IGA, and the Coles & Kmart-anchored Launceston Plaza Shopping Centre all within 1.6km*.
+ Newstead: affluent metro suburb of Launceston, with strong 28.2% median house price growth since Nov 2020. (2)
+ City of Launceston: capital and major service centre of northern Tasmania, home to 71,700+ people and an annual economic output of $12B+. (3)
+ Net Income: $381,600pa* + GST.

For Sale by Private Treaty.

*Approx
1 GapMaps
2 realestate.com.au
3 REMPlan