10-12 Broadbent Avenue, Middleton Grange
ASX Listed Childcare Investment in Sydney's Southwest Corridor
- Significant rental reversion upside^
- Long history of 100% occupancy
- 30 primary schools within 10 min drive*
ReVest Property Group is pleased to present 10-12 Broadbent Avenue, Middleton Grange to the market via In-Room Public Auction.
A strategically positioned purpose built childcare centre positioned in Southwest Sydney's highest growth precincts, 10-12 Broadbent Avenue is surrounded by 30 schools within a 10-minute drive* with significant market reversion upside^, making this opportunity a secure investment.
Key features include:
• Site Area: 1,069 sqm*
• Passing net income: $133,000 p.a. + GST + Outgoings
• Market rent income: $225,000 p.a + GST + Outgoings
• Prominent 63m street frontage with convenient on-site parking
• Middleton Grange has a median age of 31 years (vs NSW 39), with 10.2% of residents aged 0-4 (vs NSW 5.8%) and 21% of households couples with young children
• Purpose-built childcare centre licensed for 50 long day care places
• Securely leased to G8 Education Ltd (ASX: GEM), Australia's largest listed childcare operator with 500+ centres nationally
• Long history of 100% occupancy with waiting list
• Outstanding connectivity moments from the M7 & M5 motorways
• Middleton Grange suburb growth is 69% faster and has 40% more <5-year old's than Sydney's average
• Established young family precinct, population 177,000+ within 10 minutes' drive
• Tenant pays all usual outgoings, as per lease
10-12 Broadbent Avenue, Middleton Grange will be offered to the market via in-room public auction on Wednesday the 3rd of December at 2:30pm, held at Level 9, 111 Phillip Street, Parramatta NSW 2150
For further information or to arrange an inspection, contact the exclusive agent.
