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Sold on 25 Nov 2021

318 Mona Vale Road St Ives NSW 2075

  • Shop & Retail
  • 599 m²
  • Sold

Unrivalled North Shore Childcare Investment - 15 Year Triple Net Lease

  • Blue Ribbon North Shore Location
  • Fixed 3.5% Annual Rent Increases
  • Net Income $636,307 pa + GST

Cushman & Wakefield is pleased to present to the market 318 Mona Vale Road, St Ives for Sale via Auction.

The property has the following key characteristics:

- New 15 year triple net lease to 2035 + options to 2055
- Orchard Early Learning Centre - Premium, multi-centre operator led by an expert team with 20+ years' experience & high occupancy across all facilities
- Stunning, architecturally designed 98 place childcare centre & Sydney's first carbon-neutral facility
- Recently completed construction in 2020, providing optimal depreciation benefits
- Irreplaceable 2,017 sqm corner site boasting 85m frontage to Mona Vale Road (60,000+ vehicles daily)
- Prime position in close proximity to Woolworths, Coles & Harris Farm Markets anchored St Ives Shopping Village (100+ additional retailers)
- Ideal childcare location - 20 school within 3 km or 5 minutes drive
- St Ives - Premier North Shore suburb only 15 km from Sydney CBD
- Secure lease including ratchet provision - Ensuring rent cannot decrease
- Genuine triple net lease - Tenant pays all outgoings including Structural Repairs & Maintenance - Set & forget income
- Fixed 3.5% annual rent increases
- Net Income $636,307 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.

Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Michael Collins
Cushman & Wakefield Sydney
Michael Collins
Cushman & Wakefield Sydney
Tom Moreland
Cushman & Wakefield Sydney
Tom Moreland
Cushman & Wakefield Sydney

Property Highlights

Property ID2017358297
Date Sold25 Nov 2021
Floor Area599 m²
Land Area2,017 m²
Parking25 x Onsite parkings
Building TypeWhole building
Category
Last updated  26 Nov 2021
Map for 318 Mona Vale Road St Ives NSW 2075
Map for 318 Mona Vale Road St Ives NSW 2075318 Mona Vale Road St Ives NSW 2075
Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Michael Collins
Cushman & Wakefield Sydney
Michael Collins
Cushman & Wakefield Sydney
Tom Moreland
Cushman & Wakefield Sydney
Tom Moreland
Cushman & Wakefield Sydney

Property Highlights

Property ID2017358297
Date Sold25 Nov 2021
Floor Area599 m²
Land Area2,017 m²
Parking25 x Onsite parkings
Building TypeWhole building
Category
Last updated  26 Nov 2021
Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000
Yosh Mendis
Cushman & Wakefield Sydney
Yosh Mendis
Cushman & Wakefield Sydney
Michael Collins
Cushman & Wakefield Sydney
Michael Collins
Cushman & Wakefield Sydney
Tom Moreland
Cushman & Wakefield Sydney
Tom Moreland
Cushman & Wakefield Sydney
Yosh Mendis

Yosh Mendis

Cushman & Wakefield Sydney

Michael Collins

Michael Collins

Cushman & Wakefield Sydney

Tom Moreland

Tom Moreland

Cushman & Wakefield Sydney

0434 *** ***
0434 413 188

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