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SOLD

90-92 Penneys Hill Road, Hackham, SA, 5163

Properties / Sold / South Australia / Hackham

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Contact Agent

Land Area

1,913 m² (*approx)

Floor Area

574 m² (*approx)

Property Type

Child/Healthcare, Hotel/Leisure, Other

Sub-type

Child Care

Est. Income

$151,422 p/a

Fully Leased

Goodstart Early Learning

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2. Property Highlights

Goodstart Investment Opportunity

Lease to Goodstart Early Learning
Favourable Lease Structure
Stamp Duty Free Investment

Savills is pleased to offer to market the Goodstart Childcare located at 90-92 Penney Hill Road, Hackham SA for sale via Expression of Interest.

Tenant Profile - Goodstart Early Learning is Australia's largest early learning provider. Formed in 2010 by a syndicate of charities, Goodstart is a not-for-profit organisation that currently has 664 childcare centres around Australia.

• Renewed Lease to Goodstart Early Learning – Australia’s largest early learning provider across 664+ locations

• Net annual income of $151,422.56* + GST as at 1st January 2023

• Lease structure with CPI or 3% annual increases whatever is greater

• Impressive 1,913sq m* corner site licensed for 65 places

• Positioned within the heart of Hackham with recent new Master Plan to expand the suburb with 1,000 new homes to be constructed

• Conveniently situated 3.8kms* from Main South Road and Southern Expressway (42,000+ vehicles daily), an important thoroughfare linking to the CBD

• Childcare/ Early Education is an essential service and one of Australia’s most sought-after asset classes

• Stamp Duty free investment

For Sale by Expressions of Interest closing Thursday 28th September 2023 at 4pm (ACST).

* Approx

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