Ref:2116 | Childcare Centre for Lease | Upper North Shore Sydney | 88 Places

Childcare Centre for Lease | Upper North Shore Sydney | 88 Places | State-of-the-Art

Reference: 2116
Price Guide: P.O.A

- Brand-new, state-of-the-art purpose-built facility on a generous 1,744 sqm site
- 88 licensed places approved Long Day Care configuration
- Three large playrooms - Babies / Toddlers / Pre-School configuration
- High-spec interior fit-out: commercial kitchen, modern bathrooms, reception, administration
- Generous covered and uncovered outdoor play areas with soft-fall, sand pit and climbing structures
- On-site basement parking - frictionless drop-off, no kerbside congestion
- Major arterial-road frontage with high passing-traffic exposure
- Two railway stations within easy walking distance
- Surrounded by elite independent and public schools and Sydney's most established educational ecosystem
- Long-term lease available - 11+12 year tenure with 3% fixed annual reviews
- Existing 88-place Service Approval and full FF&E available for separate acquisition at a favourable price (optional, independent of the lease)
- Approved under a planning consent that is exceptionally rare to replicate locally - built-in moat against new supply

Tenant Requirements
- Property lease opportunity - Service Approval may be acquired separately from existing operator
- Tenant must hold, or be eligible to obtain, a Childcare Provider Approval and Service Approval
- Personal guarantees required from directors (where lessee is a company)
- Bank Guarantee equivalent to 3 months' gross rent + GST + outgoings
- Make-good: premises returned in current condition, fair wear & tear excepted
- Outgoings approx. $40,000 p.a. (council rates, water service charges, building insurance, building management)
- Availability: immediate