Knight Frank is pleased to offer to market 1 Portland Avenue, Sturt for Sale via Expression of Interest.
Goldilocks Childcare Centre is currently home to 45 childcare spaces privately owned and operated early childcare education provider with a network of centres across, two in NSW & SA.
The property has the following investment highlights:
Renewed Lease to AKA Technology & Management Ideas Pty Ltd Trading as Goldilocks Childcare Centre
Net annual income of $61,858* + GST as at 1st September 2024 with lease options to 2043
Lease structure with CPI rental increases and market review at renewal
Impressive 1,129 sqm* corner site licensed for 45 places, with direct connectivity to Seacombe Gardens Primary School (750m), Mercades Collage (12km) and Flinders University (2.9km)
Positioned within the heart of Sturt, seamless connectivity with Diagonal Road and Seacombe Road connecting South and North
Conveniently situated 2.5kms* from Marion Road and Southern Expressway (13,400+ vehicles daily)
Childcare/ Early Education is an essential service and one of Australia's most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.
Stamp Duty free investment
Expressions of Interest Closing 14th of November 2024 at 4:00pm ACDT. All inspections must be with the exclusive agents and by appointment only.
