Tamworth childcare investment property listed for sale

Tamworth childcare investment property listed for sale
Tamworth childcare investment property listed for sale

An childcare investment property at Tamworth has been listed for sale.

Located at 8 Patrick Street, the property has a five year lease to G8 Education until May 2029.

There is two further 5 year options to extend until May 2039.

It has a fixed annual rental increase of 4 percent plus ‘ratchet’ provisions.

The property is well maintained and licensed for 38 places with all outgoing fees paid for by the tenant.

It has a net income of $97,525 per annum plus GST.

Positioned in a highly regarded place TAFE New England is 200 metres away while Tamworth’s CBD is only a kilometre.

The auction is on April 4 through Burgess Rawson agents Dean Venturato, Natalie Couper and Adam Thomas.

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Tamworth Burgess Rawson

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