Colliers is pleased to exclusively offer to market Kids Academy Erina Heights located at 49 Serpentine Road, Erina Heights NSW, for sale.
This opportunity has the following key investment highlights:
- Site Area: 5,899 sqm
- 20-year lease to Affinity Education Group until 28 May 2035
- Five-year option to 2040
- Guaranteed annual rent increase of 3.75% or CPI
- Net income of over $300,000
- Outgoings paid by the tenant
- Well maintained centre licensed for 60 LDC places
- Exceeding national quality standard
- Affinity Education Group: experienced operator with over 225 early education and childcare centres across the country
- Strategically located within NSW's central coast region, an area experiencing significant growth and projected to increase by 1,819 04-year-olds and 332 5-year-olds by 2029.
- Proximity to Erina Heights Public School, Central Coast Grammar School, Aspect Central Coast School, Erina Fair and major arterial roads connecting to the central coast region.
- Childcare/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.^
49 Serpentine Road, Erina Heights is part of the Kids Academy Portfolio campaign, offered for sale via an Expressions of Interest closing on Thursday, 2 May 2024 at 5pm (AEST).
Expressions of Interest can be made on individual properties, a combination of properties within the portfolio, or the entire portfolio in one line.
Please contact the exclusively appointed Colliers experts for more information.
Note: All figures are approximate, and financials are as at May 2024.
^Australian Government Department of Education
