Burgess Rawson is pleased to offer 5 Tennent Road, Mount Hutton (Newcastle) NSW, for sale via our Investment Portfolio Auction 168.
The property has the following investment highlights:
+ Triple net lease to 2026 plus a further 5 year option to 2031
+ Goodstart Early Learning: Australia's largest early education provider with 660 centres nationally
+ Triple net lease structure - Tenant pays 100% of outgoings incl. Management Fees, Repairs & Maintenance and Structural Capex
+ Lease secured by Bank Guarantee equivalent to 6 months' Rent and Outgoings (plus GST)
+ Strong rental uplift from below market rental ($2,348/place) and uncapped CPI rent reviews
+ Well presented 38 LDC place centre rated 'Exceeding' NQS^
+ Ideal position - 18 schools in 3km* of the property
+ Strategically located close to ALDI, Mount Hutton public school & Woolworths/Coles Lake Macquarie Shopping Centre
+ Mount Hutton: 9km* from Newcastle CBD, forecast to grow over 21% by 2046
+ Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes, heavily supported by Federal and State government funding. In 2023-2024, the Federal Government contributed over $11.6 billion in funding for early childhood education plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in 2023. This reform aims to make early education and care more affordable for around 1.3 million families across the country.^^
+ Net Income: $89,217 pa* + GST
To be sold by Investment Portfolio Auction
10:30 am AEDT Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx
**Gapmaps webportal
^National Quality Standard - Childcare
^^Australian Government - Department of Education | Child Care Subsidy Reform
