1 Saverio Boulevard, ANGLE VALE, SA, 5117

+ Secure 12 year net lease to Where We Grow to 2032

+ Two further 10 year options to 2052

+ Where we Grow: premium early education provider with a network of 8 centres

+ Desirable 3% annual rent increases (from 2023)

+ Tenant pays all usual outgoings

+ As new construction with significant depreciation benefits

+ Architecturally designed, child care facility with approval for 120 LDC places

+ Strategic 2,701 sqm main road site situated 200 metres from the Drake’s-anchored Angle Vale Shopping Centre

+ Angle Vale: part of Adelaide’s north growth corridor, located 31 kilometres from the CBD

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

+ Stamp Duty free investment opportunity

+ Net Income: $220,190 pa + GST

For Sale by Investment Portfolio Auction

11am (AEST) Tuesday 28 September 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

RLA 293472

Remember to mention you found this property on CommercialReady.com.au