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1-3 Scenic Circle
Budgewoi NSW 2262
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Sold on 29 Oct 2024

1-3 Scenic Circle Budgewoi NSW 2262

  • Medical / Consulting
  • 1 m²
  • Sold

Rare Affordable Childcare Investment Leased To Affinity Education - A National Operator On A Renewed 10 Year Lease

    Burgess Rawson is pleased to present for sale this exceptional Central Coast childcare centre located at 1-3 Scenic Circle, Budgewoi, NSW. It features a recently renewed 10-year lease to Affinity Education, a significant national operator. This property is available for purchase via our upcoming Investment Portfolio Auction 172.

    Compelling Key Investment Highlights:

    + Recently renewed 10 year net lease to 2032
    + Two further 10 year options extending to 2052
    + Compounding fixed 3.5% annual rent reviews ensuring consistent income growth
    + Tenant pays 100% of all usual outgoings including rates, insurance, general repairs & maintenance and management fees
    + Milestones ELC: Affinity Education Group is a highly experienced and established operator with over 225 centres nationally
    + Dominant 46 place purpose-built childcare centre with 100% occupancy and long waiting list
    + Commanding 1,820sqm* freehold corner landholding
    + Thriving childcare operation within a catchment having an above average proportion of 0-4 year olds, in a high-demand, undersupplied childcare area
    + Tax benefits: Land tax-free commercial investment (NSW only)

    Net Income: $151,683 pa* + GST

    Early Childhood Education: An Essential Service and Government-Supported Asset Class:
    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 nationwide.^^

    Auction Details:
    10:30 am AEDT Tuesday, 29 October 2024
    Yallamundi Rooms, Sydney Opera House

    To learn more about this outstanding childcare investment opportunity, please contact the exclusively appointed Burgess Rawson childcare sales team today.

    *Approx
    ^^ Australian Government Productivity Commission website

    AUCTION

    Auction date and time29/10/2024 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold29 Oct 2024
    Floor Area1 m²
    Land Area1,820 m²
    ParkingAsk Agent
    Property ID2019529880
    Category
    Last updated  31 Oct 2024
    Map for 1-3 Scenic Circle Budgewoi NSW 2262

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    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold29 Oct 2024
    Floor Area1 m²
    Land Area1,820 m²
    ParkingAsk Agent
    Property ID2019529880
    Category
    Last updated  31 Oct 2024

    Co-Agents

    Rhys Parker
    Burgess Rawson Sydney
    Call
    0451 101 042
    Burgess Rawson Consultants
    Call
    0412 840 222

    More about 1-3 Scenic Circle Budgewoi NSW 2262

    1-3 Scenic Circle Budgewoi NSW 2262 is categorized as Medical & Consulting Property. It has a floor area of 1 m² and a land area of 1,820 m². The listing ID for this property is 2019529880.

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