6 Archibald Place Heatherbrae NSW 2324

Cushman & Wakefield is pleased to present to the market 6 Archibald Place, Heatherbrae (Newcastle) for Sale via Auction.

The property has the following key characteristics:

- Secure 15 year triple net lease to 2031 + options to 2051
- Bright Start ELC - specialist Central Coast multi-centre operator boasting significant experience
- Modern purpose built 104 place facility featuring expansive playscape & 15 onsite car parks
- Well located 2,501sqm site in Heatherbrae's key commercial & retail precinct near KFC, Guzman Y Gomez, Hungry Jack's & BP
- Conveniently positioned only 150m from Pacific Highway entrance providing access in all directions
- Strategic childcare location - 7 schools within 3 km
- Triple net lease tenant pays all outgoings incl. Mgmt Fees and Structural Repairs & Maintenance
- Lease secured by 6 month Bank Guarantee & Directors Personal Guarantee
- Heatherbrae - 16 km from Newcastle CBD established Central Coast suburb bound by Pacific Motorway M1
- Fixed 3.25% annual rent increases
- Net income $298,985 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.