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Auction | Retail new

Rarely Offered Inner West Childcare Centre - New 20 Year Net Lease

2-6 Justin Street
Lilyfield, NSW 2040
Australia
Inquire About This Property
Building Size:
740 SQM
Lot Size (SQM):
1319

Cushman & Wakefield is pleased to present to the market 2-6 Justin Street, Lilyfield for Sale via Auction. The property has the following key characteristics: - Brand new 20 year net lease to 2041 + options to 2061 - Lilyfield ELC - Award winning, successful multi-centre operator boasting 100% occupancy & rated ‘exceeding’ - Absolutely prime, inner city location only 3 km to CBD - Generational 1,319 sqm corner site providing three street frontages & dual street access - Conveniently positioned close by to major thoroughfare Balmain Road & City-West Link Road for direct CBD access - Architecturally designed childcare centre offering renewed depreciation benefits & modern finishes - Highly educated & concentrated childcare catchment - 42 schools & 148,000 residents within 3 km - Lilyfield - Leafy, affluent & professional inner-west suburb only 3 km to CBD - Secure net lease - Tenant pays all outgoings including management fees and general repairs & maintenance - Lease secured by Bank Guarantee equal to 6 months rent + GST - Minimum 3% annual rent increases - Net Income $550,000 pa + GST The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Monday 27 September at 1pm. All interested parties will have access to our Live Stream & Online Bidding Platform strictly via prior arrangement. Brisbane Live Stream & Bidding Facilities will be available at the below venue; Brisbane - Dexus Place - Waterfront Place, Level 31, 1 Eagle Street Should you hold interest in bidding on the asset from the above location or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals. - Inner Western Sydney
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