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Sold on 13 Dec 2017

97 Richmond Street Merrylands NSW 2160

  • Offices
  • 1 m²
  • Sold

Trophy Sydney Metropolitan Childcare Investment

Brilliant history of high occupancy/waiting list
Secure 10 year lease to 2025 plus options to 2040
Trendi Tots Kindergarten: there has been a childcare centre in this location for over 20 years
Merrylands: established Sydney suburb popular with young families
Convenient location just 10 minutes from Parramatta
Western Sydney: one of Australia’s fastest growing urban populations
High quality childcare facility approved for 29 places
Long history of strong occupancy and parents on waiting list
Generous 696 sqm freehold site near 5 local primary schools
Easily accessible by car and public transport
Net lease, tenant responsible for the payment of most outgoings, as per lease
Guaranteed rental growth, fixed 2.5% annual rental increases (approx. $90,988 in 2024)
Easily managed single tenant investment
Net Income: $76,545 pa + GST

Property Highlights

Property ID2014002761
Date Sold13 Dec 2017
Floor Area1 m²
Land Area696 m²
ParkingAsk Agent
Category
Last updated  13 Dec 2017
Map for 97 Richmond Street Merrylands NSW 2160
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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