Tamworth childcare investment property listed for sale
Staff reporterDecember 7, 2020
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.