Burgess Rawson is pleased to offer Bluebird EEC Cardiff - 41 Pendlebury Road, Cardiff (Newcastle) NSW, for sale via our Investment Portfolio Auction 168.
The property has the following investment highlights:
+ New 15 year net lease to 2039 plus three 10 year options to 2069
+ Tenant pays 100% of all usual outgoings, including rates, land tax, insurances and maintenance
+ Greater of 3% or CPI increases ensures income growth
+ Bluebird Early Education: premium experienced national operator with 20+ centres
+ State-of-the-art brand new 100 LDC place purpose built centre, completed in 2024 offering maximum depreciation benefits
+ Significant 3,275sqm* main road corner site
+ Ideal location - 16 schools in within 3km* of the property
+ Strategic position set amongst McDonald's, Woolworths, ALDI & core employment hubs
+ Cardiff: median house prices soaring 63.6%^^ over past 5 years
+ Land tax free commercial investment (NSW only)
+ Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes, heavily supported by Federal and State government funding. In 2023-2024, the Federal Government contributed over $11.6 billion in funding for early childhood education plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in 2023. This reform aims to make early education and care more affordable for around 1.3 million families across the country.^
+ Net Income: $425,000 pa* + GST
To be sold by Investment Portfolio Auction
10:30 am AEDT Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx
^ Australian Government Productivity Commission website
^^ Corelogic
