High Yielding Land Rich Asset – New 15 Year Net Lease + Opts to 2070

  • $3,500,000/Contact Agent

Property Description

Stonebridge is pleased to present ‘Gurwood Early Learning Wagga Wagga’ for sale via Immediate Offers to Purchase.

The asset has the following key investment features:

– New 15 year net lease to 2040, plus options to 2070, with fixed 3% annual rent increases

– Expansive 4,590 sqm* site with 132 place centre boasting state-of- improvements & strong depreciation benefits

– Convenient and accessible position with 33 at-grade car parks, set off major arterial road (8,046+* vehicles daily)

– Central location with 27 schools in a 10 min drive time, plus nearby two shopping centres (128+ stores)

– Favourable net lease structure – Tenant pays all usual outgoings including Rates, Insurance and General Repairs & Maintenance

– Outstanding lease security via Bank Guarantee equivalent to 4 months’ Rent + GST

– Unique land tax free commercial investment

– Wagga Wagga – Largest inland city in NSW with $5.64Bn economy & population set to reach 100,000+ residents by 2038

– Net Income $504,900 pa* + GST

‘Gurwood Early Learning Wagga Wagga’ is for sale via Immediate Offers to Purchase.

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Property Code: 1471

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