Address available on request,
Margate, TAS 7054

The property is located in the thriving Southern township of Margate 16 km’s South of Hobart and enjoys great frontage to Margate’s Main Rd, neighbouring properties include supermarkets, cafes and bakeries. Margate is part of the Kingborough municipality, one of Tasmania’s fastest growing areas.

The property is brick construction and has been a childcare centre since development in 1978. The 239 sqm property comprises offices, reception area, amenities and toddler area, which has access to the outdoor play area. Enjoying over 18 sqm of prominent frontage to Channel Highway the property sits on a 956 sqm level rectangular site.

The property is being sold with secure triple net lease to Stepping Stone Childcare Centres in place till 2019 with 5 + 5 year option with CPI increases and market review in 2015.

Current passing net rental is $52,665, the lease has secure 6 month bank guarantee.

Inspection strictly by appointment. For enquiries contact Paul Heerey 0447 246 613

Property is being sold by auction 11am on 31st March 2010 @ Mercure Hotel 156 Bathurst Street, Hobart.

Property part of Clever Investment Portfolio for further details log onto www.cleverinvestments.com.au