Burgess Rawson and McGees Property are pleased to offer to the market Zuccoli Early Learners located at 17 Ginger Street, Zuccoli (Darwin) NT for sale via Expression of Interest.
The property has the following investment highlights:
+ Ten (10) year net lease to 2028 plus options to 2048.
+ Zuccoli Early Learners: established and successful operator with four locations.
+ Fixed 3% annual rent increases, plus ratchet provisions at market reviews ensuring future rental growth.
+ Tenant pays all outgoings including management fees. No land tax in NT.
+ Strong trading centre, licensed for 160 LDC places.
+ Strategically located in a key education precinct, directly opposite Mother Terese Catholic Primary School and Zuccoli Primary School and within close proximity to Mackillop College.
+ Expansive 3,140sqm site boasting three street frontages and strategically located within the Aspire masterplan community, seamlessly connecting to the adjacent Zuccoli Village. Upon completion, both communities will collectively accommodate 2,300+ homes, with excellent access to key retail, commercial and transport amenities, and ideally located within a 25-minute drive from the Darwin CBD.
+ The City of Palmerston: highest demographic of children under 5 years in Australia, and the second fastest growing area in the Northern Territory2^
+ 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: $477,620 pa* + GST (as at September 2024)
For Sale via Expressions of Interest:
Closing 4:00pm (AEST) Tuesday 21 May 2024
*Approx.
^ Gapmaps
2 Treasury.nt.gov.au
^^^ Australian Government Department of Education
