Burgess Rawson is pleased to offer 51 Cross Road, Kingswood (Adelaide) SA for sale via our Investment Portfolio Auction 163.
This opportunity has the following key investment highlights:
+ New fifteen (15) year net lease to 2038.
+ Two (2) further ten (10) year options to 2058.
+ Wanslea Nursery School & ELC: part of Bower Education network, a multi-centre operator with over 30 years' experience in providing quality early childhood education to Adelaide families
+ Desirable 3.5% annual rent increases, ensuring future income growth
+ Landlord friendly net lease structure with the tenant responsible for all usual outgoings
+ Stamp duty free investment opportunity
+ Stunning 90 LDC place centre fully refurbished in 2022, integrating a character-filled cottage
+ Highly esteemed education rich precinct - 19 schools within a 5 min drive of the centre, providing education to over 14,000** students
+ Strategically positioned 1,865sqm* corner site with exposure to 29,900+^^ passing vehicles daily
+ Kingswood - highly sought-after affluent inner-city suburb boasting charming tree lined streets with the median family weekly income 42%** higher than the state median, 4.6* kilometres from the Adelaide CBD
+ 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 2022-2023, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care 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: $384,315 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 13 September 2023
Crown Casino, Melbourne
*Approx.
**Gapmaps webportal & ABS
^Australian Government - Department of Education | Child Care Subsidy Reform
