Burgess Rawson is delighted to present a unique opportunity in the tightly held childcare investment sector. Rarely do Tasmanian childcare investment opportunities become available on the market, making 1 Rowitta Road, Lindisfarne TAS a highly coveted asset.
This opportunity has the following key investment highlights:
+ 20-year net lease to Child's Play Early Learning to 2042
+ Two (2) further Ten (10) year option to 2062
+ Child's Play Early Learning: A highly experienced boutique provider with two local Tasmanian centres and a network of mainland centres.
+ High Sought Annual CPI rent reviews.
+ Tenant pays all usual outgoings including single holding land tax.
+ Impressive purpose-built childcare centre licensed for 82 LDC places, offering significant depreciation benefits.
+ Positioned in highly sought-after, established blue-chip waterfront location with significant barriers to entry due to the lack of available suitable land.
+ Established and successful centre in operation since 2019, renowned for high occupancy and a substantial waitlist of over 200 children
+ Located within a significant schooling precinct, 100 metres from St Cuthberts Catholic Primary School, 650 metres from Lindisfarne North Primary School, and within a 3km radius of an additional 9 primary and secondary schools, collectively servicing over 4,300 full-time students.
+ Strategically positioned 2,107 sqm corner site, only 40 metres from the East Derwent Highway, servicing 17,900+ vehicles daily. The centre is also within 260 metres of the Lindisfarne main shopping precinct, featuring Woolworths, Chemist Warehouse, various eateries, and a medical centre.
Tasmania: Consistently leading the nation in CommSec's State of the States economic report over the past three years and is currently ranked #2 in equipment spending.
+ Child care/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^^^.
+ Net Income: $266,665 pa + GST*
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
This property is offered for sale via Portfolio Auction, scheduled for 10:30am (AEST) on Wednesday, 7 August 2024, at Crown Casino, Melbourne.
