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Sold on 23 Aug 2019

49-51 Vennachar Drive Hallett Cove SA 5158

  • Other
  • 2,390 m²
  • Sold

BRAND NEW 20 YEAR LEASE TO NATIONAL TENANT

  • 20-year initial lease term with options
  • Leased to Paisley Park Early Learning
  • Net income of $278,518pa*

CBRE Metropolitan Investments is delighted to bring to market an exceptionally secure leased investment located at 49-51 Vennachar Drive, Hallett Cove with tenant Paisley Park Early Learning. This newly refurbished character building has been repositioned into a modern and exceptionally well presented childcare centre licensed for 90 places.

Paisley Park Early Learning currently operates 25 centres around Australia and are continuing to grow. Hallett Cove as a suburb also offers a few fantastic demographic indicators to drive the longevity of childcare service highlighted by a higher percentage than state average under 5 years old.

We further highlight the below key characteristics sure to appeal to an investor:
- Massive 20-year initial lease term commencing 15th December 2018
- Adjacent Hallett Cove East Primary School
- Three certificates of title with total site area of 2,390sqm*
- Net rental income of $278,518pa*
- Fixed 3% rental increases
- Newly refurbished character building with indoor and outdoor play areas
- Lease is secured via three (3) month bank guarantee and guarantee to Parent Company
- Zoned Residential in City of Marion

For Sale by Expressions of Interest closing Thursday 6th June 2019 at 4:00pm (ACST)

For further information please contact exclusive marketing agents CBRE:

Harry Einarson - 0421 747 442
Mitch Curnow - 0415 494 056

RLA 208125 *approx.

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015267594
Date Sold23 Aug 2019
Floor Area2,390 m²
Land Area2,390 m²
ParkingAsk Agent
Category
Last updated  27 Aug 2019
Map for 49-51 Vennachar Drive Hallett Cove SA 5158
Map for 49-51 Vennachar Drive Hallett Cove SA 515849-51 Vennachar Drive Hallett Cove SA 5158
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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CBRE South Australia RLA 208125
Level 5 151 Pirie Street Adelaide SA 5000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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