CBRE Australian Healthcare & Social Infrastructure exclusively present for sale 234 Gilmour Street (Cnr Jacks Close), Bathurst – A modern and well exposed childcare centre currently licensed for 129 Long Day Care (LDC) places. The subject property features dual street frontage, inclusive of main road exposure plus oversized, single level improvements with an underlying land area of 2,560sqm allowing a myriad of long-term development options.

Further enhancing investment appeal is a highly sought after lease to ASX listed provider G8 Education with an $850,000,000* market capitalisation and over 440 childcare centres nationally*. Long-term tenant success is underpinned by a favourable demand ratio with the Kelso and Bathurst Early Learning markets deemed “Undersupplied” with a ratio of close to 3:1 by independent assessment.

A true set and forget investment with notable appreciation forecast in-line with surrounding development. The subject property also adjoins DA approved Seniors living project for 89 lots with substantial earthworks recently completed.

+ Leased to Great Beginnings, part of ASX listed G8 Education – Australia’s largest Listed early learning provider with over 440* childcare centres

+ Annual income of $653,357 + Outgoings and GST with fixed 3% annual increases (No land tax payable for childcare assets in NSW)

+ Long-term 15-year lease term with one (1) further (10) ten-year option to 2044

+ Modern childcare centre complete in late 2019 with substantial remaining depreciation benefits exceeding $1,000,000 in the first 4 years of ownership

+ Corner landholding with an underlying area of 2,560sqm* and ample on-site parking for 12 cars and all-day parking also available via the entranceway from Jacks Close

+ Prominent corner site - combined street exposure of 110m* with frontage to both Gilmour Street and Jacks Close

+ Existing building area of 892sqm* encompassing spacious playrooms, offices, and associated spaces

+ Zoned RE2 Private Recreation positioned within the Kelso catchment comprising over 10,000* people

Location:

+ Positioned within walking distance of Marsden School SCEGGS (900m*) and Holy Family Primary School (1.3km*). A short distance to Kelso Public School (2.0km*), High School (2.9km), Cathedral Catholic Primary School (3.0km*), Bathurst Public School (3.9km), Bathurst High Campus (4.4km)

+Well connected location only minutes from the major Sydney Road arterial with circa 10,000 cars passing daily and connecting Bathurst to all parts of wider NSW

+ Strong value growth location with the median Housing price of Kelso having increased by 53% over the last 5 years

+ Further demographic supports sees median family income of $115,700 p.a* within the catchment (National average: $110,240 p.a.), and a birth rate average of 2.21 children per female (National average: 1.66), futureproofing long-term childcare demand prospects

+ Situated within walking distance of Trinity Heights Shopping Village (750m*) & the Kelso Centrepoint Shopping Centre (2.4km), boasting significant retail and hospitality amenities

+ Accessibility to public transport through St Patricks Sports Club / Gilmour Street at the front of your doorsteps (50m*), Hereford St / Bathurst Church (500m*)


FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 18TH JULY 2024 AT 2:00PM (AEDT)

For further information, please contact the exclusive sale and marketing agents:

Marcello Caspani-Muto
+61 417 065 7...

Jimmy Tat
+61 439 399 1...

Xavier Rahme
+61 415 711 6...

Nicholas Young
+61 452 486 9...

Sandro Peluso
+61 418 389 757