SOLD - Chinderah (Tweed Coast) - New 15 Year Lease to National Provider - NSW Fastest Growing Region

Cushman & Wakefield are pleased to present to the market 30 Naru Street, Chinderah (Tweed Coast) for sale via public Auction if not sold prior.

The property has the following key characteristics:

• New 15 year lease to 2034 + options to 2054
• Story House Early Learning - Highly successful national operator with 27+ centres and growing 
• Northern Rivers - NSW fastest growing region, 76,000 new residents forecast by 2036
• Well located centre off the Pacific Motorway M1 and encapsulating a large Tweed Coast catchment population of 293,000 including Casuarina, Tweed Heads, Kingscliff and Fingal
• Strategic location - 10 mins from Gold Coast Airport, 12 schools and major retail amenity within 5 minutes drive
• Modern centre built in 2015 offering significant depreciation benefits of up to $125,000* in the first year
• Strong performing 118 place centre with consistently high occupancy since inception
• Favourable net lease with the tenant responsible for all usual outgoings (NSW Childcare exempt from Land Tax)
• Minimum 3% annual rent increases
• Net Income $269,500 pa + GST

For Sale via Auction on Thursday 17 October if not sold prior.

For more information please contact the Exclusive agents at Cushman & Wakefield.