New 15 year commercial lease to 2032 across both childcare and residential premises.
Secure 10 + 10 year options to 2052.
Fully leased to Handprints ELC: quality focused boutique centre with 100% occupancy.
Significant 916.9 sqm corner block with 30 place childcare centre plus 3 bedroom residence, built 2014.
Located in St Ives: an affluent and established residential suburb only 21 km north of Sydney's CBD.
Potential for generous tax depreciation benefits.
Attractive 3.5% annual rent increases throughout the lease term.
Tenant pays all usual outgoings as per lease.
Net income: $190,000 pa = GST.
For more details, please email agent