+20 Photos

SOLD

559 Morphett Road, SEACOMBE GARDENS, SA, 5047

Properties / Sold / South Australia / Seacombe Gardens

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

2,308 m² (*approx)

Floor Area

775 m² (*approx)

Property Type

Child/Healthcare, Retail, Other

Sub-type

Child Care, Education/Schools, Mixed Use

Terms

Secure 15-year net lease to Guardian Childcare to 2036, Two further 10-year options to 2056.

Est. Income

$391,684 p/a

Fully Leased

Guardian Childcare

Show All

2. Property Highlights

Strong Trading Childcare Investment Leased to National Provider | Stamp Duty Free Investment

15-year net lease to 2036 + options
Fixed 3% annual rent increases
Stamp duty free investment opportunity

Burgess Rawson and Knight Frank are pleased to offer to the market, 559 Morphett Road, Seacombe Gardens SA for sale via our Auction Investment Portfolio 158.

This investment has the following key investment highlights:

+ Secure 15-year net lease to Guardian Childcare to 2036.

+ Two further 10-year options to 2056.

+ Guardian Childcare: leading national early education provider, educating more than 10,000 children per day across over 135 locations.

+ Fixed 3% annual rent increases.

+ Strong trading business with high occupancy.

+ Tenant pays all usual outgoings including management fees.

+ Impressive 775sqm childcare centre licensed for 104 LDC places.

+ As new construction offering significant depreciation benefits.

+ High-profile 2,308sqm* main road site with 26 designated on-site carparks and 61.5m* frontage to Morphett Road, providing exposure to 15,500+ passing vehicles daily.

+ Situated amongst a significant schooling catchment - 16 schools within a 3 kilometre radius.

+ Conveniently located 1 kilometre south of Adelaide's premier shopping centre Westfield Marion, providing access to a range of national tenants including Bunnings, Myer, Coles and Kmart and 300+ speciality stores.

+ Seacombe Gardens: highly desirable coastal suburb within close proximity to Adelaide’s picturesque southern beaches, with 40.69% growth in the median house price in the past 3 years.

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In 2021-22, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year*

+ Stamp Duty free investment opportunity.

+ Net Income: $383,134 pa* + GST.

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 22 February 2023

Crown Casino - River Room

*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

Remember to mention you found this property on CommercialReady