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5 Tennent Road
Mount Hutton NSW 2290
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Sold on 15 May 2024

5 Tennent Road Mount Hutton NSW 2290

  • Medical / Consulting
  • 1 m²
  • Sold

High Performing Entry Level Childcare | Rare Triple Net Lease To Australia's Largest Operator

    Burgess Rawson is pleased to offer 5 Tennent Road, Mount Hutton (Newcastle) NSW, for sale via our Investment Portfolio Auction 168.

    The property has the following investment highlights:

    + Triple net lease to 2026 plus a further 5 year option to 2031
    + Goodstart Early Learning: Australia's largest early education provider with 660 centres nationally
    + Triple net lease structure - Tenant pays 100% of outgoings incl. Management Fees, Repairs & Maintenance and Structural Capex
    + Lease secured by Bank Guarantee equivalent to 6 months' Rent and Outgoings (plus GST)
    + Strong rental uplift from below market rental ($2,348/place) and uncapped CPI rent reviews
    + Well presented 38 LDC place centre rated 'Exceeding' NQS^
    + Ideal position - 18 schools in 3km* of the property
    + Strategically located close to ALDI, Mount Hutton public school & Woolworths/Coles Lake Macquarie Shopping Centre
    + Mount Hutton: 9km* from Newcastle CBD, forecast to grow over 21% by 2046
    + Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes, heavily supported by Federal and State government funding. 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 across the country.^^
    + Net Income: $89,217 pa* + GST

    To be sold by Investment Portfolio Auction
    10:30 am AEDT Wednesday 15 May 2024
    Yallamundi Rooms, Sydney Opera House

    Bidder registration required, register here: www.portfolioauctions.com.au"

    Please contact the exclusively appointed Burgess Rawson team for more information.

    *Approx
    **Gapmaps webportal
    ^National Quality Standard - Childcare
    ^^Australian Government - Department of Education | Child Care Subsidy Reform

    AUCTION

    Auction date and time15/05/2024 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold15 May 2024
    Floor Area1 m²
    Land Area790 m²
    ParkingAsk Agent
    Property ID2019188424
    Category
    Last updated  17 May 2024
    Map for 5 Tennent Road Mount Hutton NSW 2290

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    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold15 May 2024
    Floor Area1 m²
    Land Area790 m²
    ParkingAsk Agent
    Property ID2019188424
    Category
    Last updated  17 May 2024

    Co-Agents

    Yosh Mendis
    Burgess Rawson Sydney
    Call
    0434 413 188

    More about 5 Tennent Road Mount Hutton NSW 2290

    5 Tennent Road Mount Hutton NSW 2290 is categorized as Medical & Consulting Property. It has a floor area of 1 m² and a land area of 790 m². The listing ID for this property is 2019188424.

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