13 Short Street

Kyogle NSW 2474

The property is a purpose built child care centre with a stable, long established child care centre business with experienced operator that has been operating successfully for 14 years. The property size is approximately 1200 sq. meters and is located in a quiet residential neighbourhood approximately 40 minutes drive to Lismore. The building is of brick construction with a colour bond roof. The centre has two main children s rooms, staff room and bathroom, reception and office, programming room, laundry and storage room, as well as a well-constructed outdoor playground and bitumen front car park, providing ample off street parking.
The property is currently achieving the rent of $54,000 per year with 3% annual increases. This represents a 7% return on investment. The tenant maintains the building and pays all lessor outgoings, including council rates, water, public liability and building insurance.
There is a current long term lease lasting 10 years, ending 17 January 2023, plus 3 options of 5 years each and allows for minimum 3% rent increase every January.