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89 Benjamin Lee Drive Raymond Terrace NSW 2324

  • Shop & Retail
  • 1 m²
  • Commercial Auction

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.

Auction date and time19/03/2021 10:00
Auction locationDoltone House Hyde Park - 3/181 Elizabeth Street, Sydney

Property Highlights

Property ID2016798234
Floor Area1 m²
Land Area978 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  18 Feb 2021
Map for 89 Benjamin Lee Drive Raymond Terrace NSW 2324
Map for 89 Benjamin Lee Drive Raymond Terrace NSW 232489 Benjamin Lee Drive Raymond Terrace NSW 2324

Property Highlights

Property ID2016798234
Floor Area1 m²
Land Area978 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  18 Feb 2021
Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000

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