Quality childcare investment/22-24 Dunning Avenue Bateau Bay NSW 2261

Knight Frank Central Coast are pleased to present this sought after investment property located at 22-24 Dunning Avenue, Bateau Bay for sale via Private Treaty.

The property has the following investment highlights:

- A fresh five (5) year net lease to 2029.
- Two (2) further five (5) year options to 2039.
- Excellent established tenant: Nationally accredited, privately owned and operated early education provider.
- Landlordfavourable 3% or CPI (whichever is the greater) annual rent increases, ensuring rental growth.
- Tenant pays outgoings including all council rates and water sewage and drainage charges (land tax listed but not applicable).
- 415 sqm* net lettable area single and two storey childcare facility approved for 59 long day care places with undercover car spaces on Title.
- Quality construction on a substantial 1,253 sqm* corner site positioned within close proximity to Bateau Bay Public School and within 1.5 km* of Bateau Bay Beach.
- Located close to Bateau Bay Square; a major retail centre anchored by a wide range of national retailers including Kmart, Coles, Aldi & Woolworths and over 85 specialty stores.
- Seamless connectivity with Central Coast Highway and The Entrance Road, a major arterial road connecting the north and central areas of the Central Coast with over 18,000 passing vehicles daily*.

- Partial Net Income: $163,200 p.a.* + GST

Please contact the exclusively appointed Knight Frank team for more information.

*Approximate