Burgess Rawson is pleased to present this premium freestanding three-level commercial investment at 108 Parraweena Road, Miranda NSW. This modern building is anchored by a leading national childcare operator, Story House Early Learning and is available for sale via Expressions of Interest.
Key Investment Highlights:
+ Anchored by 15-year net lease to 2034 plus options to Story House Early Learning: leading national childcare provider with 55+ centres
+ Fixed annual rent reviews up to 4%, compounding for long term growth
+ Easily managed modern freehold investment with recovery of outgoings as per the leases, including rates, lift maintenance, insurance and general repairs & maintenance
+ Long 7.3 year WALE
+ Three-level freestanding 1,802* sqm (NLA) commercial building plus underground parking for 55 cars
+ Strategically positioned within Miranda/Taren Point large format precinct opposite Ritchie's IGA; near Tesla, BMW, Bunnings, BCF, Beacon Lighting, Harvey Norman and Westfield
+ Thriving education hub: just 650m* from Endeavour Sports High School, with 21 schools & 10,200+ pupils within a 3km catchment
+ Miranda: High-growth suburb projected to expand 14.53% by 2036
+ Net Income: $901,839 pa* + GST (as at Dec 2024)
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.^^
For Sale by Expressions of Interest
Closing 3pm AEDT Tuesday 12 November 2024
Contact Burgess Rawson's exclusive childcare sales team today for more information on this anchored childcare investment.
*Approx
^^ Australian Government Productivity Commission website
