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89 Benjamin Lee Drive
Raymond Terrace NSW 2324
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Sold on 19 Mar 2021

89 Benjamin Lee Drive Raymond Terrace NSW 2324

  • Shop & Retail
  • 1 m²
  • Sold

Well Located Childcare Centre Opposite School

  • 15 Year Triple Net Lease to 2031 + Opts
  • Prominent Location - Close to Schools
  • Net Income $72,426 pa + GST

Cushman & Wakefield is pleased to present to the market 89 Benjamin Lee Drive, Raymond Terrace for Sale via Auction.

The property has the following key characteristics:

- 15 year triple net lease to 2031 + options to 2041
- Creative Minds ELC - Longstanding operator with significant experience & track record
- Prominent arterial road location opposite parklands & close to local schools & shops
- Modern purpose built centre with a quality playscape area, licensed for 39 places & boasting strong occupancy
- Triple Net Lease - Tenant pays all outgoings including Management Fees & Structural Repairs & Maintenance
- Lease secured by 6 month Bank Guarantee & Directors Personal Guarantees
- 2 years 6 months notice period to exercise options
- Raymond Terrace - Strong major regional centre located on the Pacific Highway 29 km north of Newcastle Minimum 3% annual rent increases
- Minimum 3% annual rent increases
- Net Income $72,426 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.

Cushman & Wakefield Sydney
Cushman & Wakefield Sydney
Level 22/1 O'Connell St
Sydney, NSW 2000

Property Highlights

Date Sold19 Mar 2021
Floor Area1 m²
Land Area978 m²
ParkingOn site parking available
Property ID2016798234
Category
Last updated  24 Mar 2021
Map for 89 Benjamin Lee Drive Raymond Terrace NSW 2324

Nearest transport* to 89 Benjamin Lee Drive Raymond Terrace NSW 2324

Bus
Benjamin Lee Dr Before Mount Hall Rd127 m
Benjamin Lee Dr At Chifley Dr207 m
Mount Hall Rd Near Dunn Pl256 m
Lakeside Shopping Centre, Benjamin Lee Dr313 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Cushman & Wakefield Sydney
Cushman & Wakefield Sydney
Level 22/1 O'Connell St
Sydney, NSW 2000

Property Highlights

Date Sold19 Mar 2021
Floor Area1 m²
Land Area978 m²
ParkingOn site parking available
Property ID2016798234
Category
Last updated  24 Mar 2021

Listed by

Cushman & Wakefield Sydney
Call
02 8243 9999

More about 89 Benjamin Lee Drive Raymond Terrace NSW 2324

89 Benjamin Lee Drive Raymond Terrace NSW 2324 is categorized as Shop & Retail Property. It has a floor area of 1 m² and a land area of 978 m². The listing ID for this property is 2016798234.

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