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Sold on 11 Sep 2018

20 & 22 Ostend Street South Granville NSW 2142

  • Offices
  • 1 m²
  • Sold

Impressive Childcare Investment – Geographic Heart of Sydney

Auction 11am Tuesday 11 September 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

10 year lease to Little Learning School to 2028 + options to 2048
Little Learning School: award winning childcare group operated by OAC
OAC (Only About Children) – operate 60+ centres in Sydney & Melbourne
Substantial (double block) of 1,388 sqm site having two separate childcare facilities catering for 80 LDC places with a history of strong occupancy
Granville: established suburb under 6 km to Parramatta CBD
Catchment pop. of 35,004 within a 5 min. drive from the property and 26% more 0 – 5 years old’s compared to NSW average
Attractive rental growth, yearly increases the greater of CPI and 4% plus market reviews every five years
Tenant pays usual outgoings, as per lease
Net Income: $185,000 pa + GST

Property Highlights

Property ID2014568971
Date Sold11 Sep 2018
Floor Area1 m²
Land Area1,388 m²
ParkingAsk Agent
Category
Last updated  17 Sep 2018
Map for 20 & 22 Ostend Street South Granville NSW 2142
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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