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Sold on 19 Jul 2018

428 Macauley Street Albury NSW 2640

  • Offices
  • 806 m²
  • Sold

Brand New State-of-the-Art 112 Place Childcare Centre

Auction 11am Tuesday 19 June 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Brand new 18 year lease expiring 2035 plus 7 + 7 year options
Leased to Kinfolk Early Learning – A sister centre to the hugely successful multi centre Victorian childcare operator, Explorers Early Learning
Brand new cutting edge purpose built architecturally designed building with light filled multi activity rooms, all with direct outdoor play area access
Huge 2,495 sqm site with parking for 26 cars on a prominent corner location close to rail services and Albury town centre
Albury: burgeoning regional powerhouse thriving on agriculture, tourism, retail, education, medical etc and regional gross revenue of $7.3bn pa
Albury Wodonga population of 95,527 projected to grow by 30% to 2036
Linked by daily direct flights to Syd/Bris/Melb & easy 3.5 hr. drive to Melb
Desirable B4 Mixed use zoning with long term development options (STCA)
Substantial Unclaimed tax depreciation benefits available
Attractive fixed 3.5% annual rent increases

Net Income: $270,000 pa + GST (rising to $484,562 upon lease expiry)

Property Highlights

Property ID2014389356
Date Sold19 Jul 2018
Floor Area806 m²
Land Area2,495 m²
ParkingAsk Agent
Category
Last updated  15 Aug 2018
Map for 428 Macauley Street Albury NSW 2640
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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