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Property ID: 443455

 

SECURE CHILDCARE INVESTMENT | GROWTH PRECINCT | 300M TO BELLA VISTA METRO

Unit 79/24-32 Lexington Drive, Bella Vista, NSW 2153

Exceptional investment opportunity, a highly desirable long-term leased investment in the heart of Sydney's thriving North-West, Bella Vista. Leased to Affinity Education, one of Australia's largest providers of early education and childcare.

A prime location within the bustling business hub of Bella Vista and surrounded by several occupied commercial towers, this property enjoys the synergy of a vibrant business environment as well as well-established residential housing, with much growth and development to come.

This unique investment opportunity is located at one of Norwest's most popular developments, Lexington Corporate Centre. Strategically positioned in close walking proximity to Bella Vista Metro, convenience is at the forefront of this location. The property is an integral part of the thriving Lexington Corporate Centre, offering a plethora of onsite visitor parking and an array of quality services including dining options.

Investment Features:

- Solid rental income of $377,056 PA net excluding GST
- Long Lease: Expiry April 2033 + 10 years options
- SP4 Enterprise Zoning
- 3.5% or CPI, the greater of, plus review to market during lease term & options
- Internal size 540m + 500m outdoor play- On Title area 1040m (approx.)
- 21 car spaces (8 located in the visitor pool)
- Lease with Affinity Education Group Limited Guarantee + 3 months Bank guarantee
- Substantial recent renovations completed by tenant

Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-2024 period, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform.

Affinity Education is one of Australia's largest provider...

For Sale

Contact Agent

Simon Russo