5/31-33 Gibbes Street,
Chatswood, NSW 2067

Extremely busy Sydney North Shore Childcare investment with 65 placements (placements may be increased by 9 (STCA) which would increase yearly income by circa $40,000).
Exceptionally long 24 year lease term expiring 2034 + 8 year option till 2042 (18 years certain lease term remaining).
Tenant pays 100% of outgoings as per lease, incl. management fees (circa $10,000pa value).
Leased to experienced childcare operator with circa 18 centres and are rapidly expanding with another 15 to open.
Dominant centre in locality with consistent high occupancy levels since opening in 2002.
Circa $1,500,000 was paid by tenant for business, further underpinning the longevity if the centre.
Extremely long-term passive and easily managed single tenant investment.
Substantial 1,037 sqm purpose built centre plus 13 car spaces.
Quality tenant fit out with large indoor play areas over two levels.
Quiet location with convenient child drop off and pick up zone.
Recent upgrades to property allowing tax depreciation.
Net Income includes telecommunication tower leases to Telstra and Vodafone of $11,496 pa + GST (annually reviewed at CPI & 4%).
Total Current Net Income: $308,395 pa + GST (as at settlement on 1/8/16).
Attractive 3.5% annual rent increases with ratchet clause; rent can only increase.
Projected Estimated Net Income at lease expiry: $483,373 pa + GST.