SOLD - Lilyfield (Sydney) - Rarely Offered Inner West Childcare Centre - New 20 Year Net Lease

 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 & 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.