51-53 Henry Street, STEPNEY, SA, 5069

CBRE are proud to present 51-53 Henry Street, Stepney to the market, a unique eastern suburbs childcare investment that offers the perfect mix of income and underlying land value.

Situated on three Certificates of Title, the original centre at 51a-53 Henry Street was opened in 2007 catering for 84 children. Due to ongoing high demand for the offering an additional centre was built at 51 Henry Street, Stepney catering for a further 50 places. Both are offered to market in one line.

Located in the picturesque eastern suburbs of Adelaide and surrounded by some of the most affluent Private Schools Adelaide has to offer, the property sits on a dominant land holding of 2,982sqm. For savvy investors the blend of income and underlying land value will tick all the boxes!

Key Investment Highlights:

• Current passing income of $439,188 per annum*

• High quality facility offering 134 places with consistently high occupancy rates

• Fixed 4% increases annually

• 2,982sqm* land holding in the desirable eastern suburb of Stepney

• Leased until Nov-25 with options through to 2065

• Experienced and proven operator who have operated from this location for nearly 15 years

• Zoned - Employment in the City of Norwood, Payneham and St Peters

• Offered in one line or separately

Agents:

Harry Einarson – 0421 747 442

Mitch Curnow – 0415 494 056

Rhyce Scott - 0422 960 585

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING FRIDAY 8th of October 2PM

Remember to mention you found this property on CommercialReady.com.au