22a Hillcrest Street Tempe NSW 2044

Burgess Rawson is pleased to offer 22a Hillcrest Street, Tempe NSW 2044 to the market for sale via Private Treaty.

The property has the following key investment highlights:

+ Long 12 year net lease to 2033
+ Further options extending to 2048
+ Attractive annual rental increases: the greater of CPI or fixed 3%
+ Stunning architecturally designed 69 LDC place centre
+ 100% occupancy and long wait list
+ Reggio Emilia ELC - prestigious & growing early education operator with premium centres across Sydney
+ Tempe: thriving Inner West suburb growing at over 3 times the NSW state average, only 8km from the CBD
+ Prime location centrally near 3 train stations, Princes Highway, IKEA, Decathlon Sports Superstore & The Good Guys
+ Attractive landlord friendly net lease structure - tenant pays all usual outgoings as per lease, plus management fees
+ Land Tax free commercial investment (NSW only)
+ 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 2022-2023, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform. ^
+ Net Income: $386,342 pa* + GST

To be sold by Private Treaty.

*Approx
^Australian Government - Department of Education | Child Care Subsidy Reform