CBRE are pleased to present the opportunity to purchase (152-154) Waterworth Drive & 2 (O’Dea Road), Mount Annan, a prominent childcare centre in one of the fastest growing regions in Australia. The site is currently leased to an ASX listed provider G8, a well-known childcare provider who operate over 470 childcares in Australia.
(152-154) Waterworth Drive & 2 (O’Dea Road) offers the following key attributes to investors:
- Childcare center on amalgamated on 3 separate titles licensed for 157 places
- Operating with two separate licenses including before and after school care (71 places) and 0-4 years (85 places)
- 10-year term (expiring 2024) with 5 x 5 x 5 x 5-year triple net lease (2044)
- Net income of $291,000 + GST* p.a. With 4% annual increases.
- Substantial land holding of 4,447sqm*
- Located in Camden Local Government Area, one of the fastest growing areas in Australia
- Situated near rapidly developing suburbs such as Spring Farm, - Oran Park, Harrington Park, Elderslie, Gregory Hills and Smeaton Grange
- Located across from Mount Annan Shopping Centre & Sunland’s new residential development and within proximity to Macarthur Square Shopping Centre and Narellan Town Centre
- Accessibility to major business centers including Campbelltown CBD and Macarthur CBD
- Dynamic R2 Low Density Residential zoning
The property is to be offered for sale via online and on-site Auction Campaign on Tuesday, 15th December at 10.30am.
For more information, please contact the dedicated CBRE team.