SOLD - Heatherbrae (Newcastle) - Secure 15 Year Triple Net Lease - Longstanding Childcare Centre

Cushman & Wakefield is pleased to present to the market 6 Archibald Place, Heatherbrae (Newcastle) for Sale via Auction.

The property has the following key characteristics:

• Secure 15 year triple net lease to 2031 + options to 2051
• Bright Start ELC - Specialist Central Coast multi-centre operator boasting significant experience
• Modern purpose built 104 place facility featuring expansive playscape & 15 onsite car parks
• Well located 2,501sqm site in Heatherbrae’s key commercial & retail precinct near KFC, Guzman Y Gomez, Hungry Jack’s & BP
• Conveniently positioned only 150m from Pacific Highway entrance providing access in all directions
• Strategic childcare location - 7 schools within 3 km
• Triple net lease - Tenant pays all outgoings including Management Fees & Structural Repairs & Maintenance
• Lease secured by 6 month Bank Guarantee & Directors Personal Guarantee
• Heatherbrae - 16 km from Newcastle CBD - Established Central Coast suburb bound by Pacific Motorway M1
• Fixed 3.25% annual rent increases
• Net Income $298,985 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.