SOLD - St Ives (Sydney) Unrivalled North Shore Childcare Investment - 15 Year Triple Net Lease

Cushman & Wakefield is pleased to present to the market 318 Mona Vale Road, St Ives for Sale via Auction.

The property has the following key characteristics:

• New 15 year triple net lease to 2035 + options to 2055
• Orchard Early Learning Centre - Premium, multi-centre operator led by an expert team with 20+ years’ experience & high occupancy across all facilities
• Stunning, architecturally designed 98 place childcare centre & Sydney’s first carbon-neutral facility
• Recently completed construction in 2020, providing optimal depreciation benefits
• Irreplaceable 2,017 sqm corner site boasting 85m frontage to Mona Vale Road (60,000+ vehicles daily)
• Prime position in close proximity to Woolworths, Coles & Harris Farm Markets anchored St Ives Shopping Village (100+ additional retailers)
• Ideal childcare location - 20 school within 3 km or 5 minutes drive
• St Ives - Premier North Shore suburb only 15 km from Sydney CBD
• Secure lease including ratchet provision - Ensuring rent cannot decrease
• Genuine triple net lease - Tenant pays all outgoings including Structural Repairs & Maintenance - Set & forget income
• Fixed 3.5% annual rent increases
• Net Income $636,307 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.