20 & 22 Ostend Street South Granville NSW 2142

Auction 11am Tuesday 11 September 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

10 year lease to Little Learning School to 2028 + options to 2048
Little Learning School: award winning childcare group operated by OAC
OAC (Only About Children) – operate 60+ centres in Sydney & Melbourne
Substantial (double block) of 1,388 sqm site having two separate childcare facilities catering for 80 LDC places with a history of strong occupancy
Granville: established suburb under 6 km to Parramatta CBD
Catchment pop. of 35,004 within a 5 min. drive from the property and 26% more 0 – 5 years old’s compared to NSW average
Attractive rental growth, yearly increases the greater of CPI and 4% plus market reviews every five years
Tenant pays usual outgoings, as per lease
Net Income: $185,000 pa + GST