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49 Serpentine Road, Erina Heights, NSW, 2260

2. Property Highlights

Part of Kids Academy Portfolio | High demand childcare location
  • 20-year lease + 5-year option
  • Tier 1 national childcare provider
  • Exceeding national quality standard

Colliers is pleased to exclusively offer to market Kids Academy Erina Heights located at 49 Serpentine Road, Erina Heights NSW, for sale.

This opportunity has the following key investment highlights:

- Site Area: 5,899 sqm

- 20-year lease to Affinity Education Group until 28 May 2035

- Five-year option to 2040

- Guaranteed annual rent increase of 3.75% or CPI

- Net income of over $300,000

- Outgoings paid by the tenant

- Well maintained centre licensed for 60 LDC places

- Exceeding national quality standard

- Affinity Education Group: experienced operator with over 225 early education and childcare centres across the country

- Strategically located within NSW’s central coast region, an area experiencing significant growth and projected to increase by 1,819 0–4-year-olds and 332 5-year-olds by 2029.

- Proximity to Erina Heights Public School, Central Coast Grammar School, Aspect Central Coast School, Erina Fair and major arterial roads connecting to the central coast region.

- Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector.^

49 Serpentine Road, Erina Heights is part of the Kids Academy Portfolio campaign, offered for sale via an Expressions of Interest closing on Thursday, 2 May 2024 at 5pm (AEST).

Expressions of Interest can be made on individual properties, a combination of properties within the portfolio, or the entire portfolio in one line.

Please contact the exclusively appointed Colliers experts for more information.

Note: All figures are approximate, and financials are as at May 2024.

^Australian Government Department of Education

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4. Property Location

49 Serpentine Road, Erina Heights, NSW, 2260

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5. Due Diligence

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