SOLD - Raymond Terrace (Newcastle Region) - Well Located Childcare Centre Opposite School

Cushman & Wakefield is pleased to present to the market 89 Benjamin Lee Drive, Raymond Terrace for Sale via Auction.

The property has the following key characteristics:

• 15 year triple net lease to 2031 + options to 2041
• Creative Minds ELC - Longstanding operator with significant experience & track record
• Prominent arterial road location opposite parklands & close to local schools & shops
• Modern purpose built centre with a quality playscape area, licensed for 39 places & boasting strong occupancy
• Triple Net Lease - Tenant pays all outgoings including Management Fees & Structural Repairs & Maintenance 
• Lease secured by 6 month Bank Guarantee & Director’s Personal Guarantees
• 2 years 6 months notice period to exercise options
• Raymond Terrace - Strong major regional centre located on the Pacific Highway 29 km north of Newcastle Minimum 3% annual rent increases
• Minimum 3% annual rent increases
• Net Income $72,426 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.