With a new five-year lease and options extending through to 2039, this property offers an impressive return of $55,000 per annum, making it a solid 'set and forget' investment. Currently housing a thriving childcare centre with a local presence of over 40 years, the property is in excellent condition. It features a central learning area that anchors multiple rooms, including staff and children's bathrooms, a kitchenette, storerooms, and cot rooms. With up to six parking spaces, an outdoor play area, ducted air conditioning, and solar panels, this investment presents as an exceptional low-maintenance opportunity for investors or SMSF buyers.
Waratah, a residential suburb located just six kilometres north-west of Newcastle's CBD, is home to the Calvary Mater Hospital. The suburb has experienced significant gentrification in recent years, making it a desirable location for families, professionals, and long-term residents seeking a central hub within Newcastle. Waratah boasts excellent accessibility with a train line, schools, pubs, sporting clubs, and a thriving shopping centre anchored by Coles and KMart, all within easy reach.
- 563.8sqm landholding with R2 zoning and dual access from side lane
- Currently operating as well established long daycare centre
- 5 year lease with 5 x 5 options, current income of $55,000 per annum
- 6 off-street parking spaces
This property is being sold under the Friendly Auction System.
An independent pest & building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction.
Flexible deposit and settlement conditions are also available by negotiation with the agent if required.
Offers can also be made prior to auction and each offer will be assessed on its merits.
Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website.
Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.
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