SOLD AT AUCTION
Colliers International is pleased to offer for sale the Ekidna Dee Why School of Early Learning at 63 Lynwood Avenue. This modern purpose built long day care center is approved for 82 children, has been operating for a number of years and has earnt itself a stellar reputation amongst residents of the Northern Beaches.
With a new lease in place, the premium freehold investment is being offered for sale for the first time since completion in 2009. In a market with a very limited supply of quality investment offerings, this property provides the astute investor the security of a brand new long term lease to an established tenant.
63 Lynwood Avenue offers the following investment highlights:
> A modern two storey purpose built childcare centre completed June 30 2009 with further upgrades completed in 2013 and further improvements planned (at tenants expense).
> New 10 +10 +10 year lease commencing at exchange of contract
> Net rental of $358,537 + GST per annum
> Tenant pays all outgoings including maintenance and upkeep
> Substantial depreciation benefits including over $55,000 for the 2015/2016 financial year
> Reputable private operator with trading history since 1 July 2009
> On-Site parking and drop off points
> Strong supporting demographics
> Approved for 82 places for children between 0 - 6 years
> Open 7am to 6pm Monday to Friday 52 weeks of the year (excluding public holidays)
> Enviable location in tightly held pocket of Dee Why.
Being offered for sale in the Colliers International Portfolio Auction
10:30am Wednesday 16th March 2016
Grosvenor Place, Level 30, 225 George Street, Sydney
For further details, to arrange a time to inspect or discuss, please contact the vendor’s exclusive agents.
* Outgoings exclude building insurance and capital works
