• Sold
Desirable Childcare Investment
Desirable Childcare Investment
Desirable Childcare Investment
Desirable Childcare Investment
Desirable Childcare Investment
Desirable Childcare Investment
Desirable Childcare Investment

For Sale

Auction 6th Mar 2019 Colliers International, Level 30, Grosvenor Place, 225 George Street Sydney
To be sold on behalf of Ken Whittingham and David Webb of PricewaterhouseCoopers (as Receivers and Managers), Colliers International are pleased to offer this superb investment in NSW’s third largest city via Public Auction on Wednesday, 6 March 2019.

Key investment highlights include:

-100% stratum interest
-Situated within an emerging location that has seen $1.3 billion* of investment over the past four years with a further $300 million* anticipated to be invested over the next 2 – 3 years
-Strategically located in the heart of Wollongong CBD, within a bustling mixed-use precinct only 1.1 kilometres* from Wollongong Train Station
-Service approval for 82 licensed places
-Huge floorplate consisting of indoor and outdoor areas plus basement parking
-Fully leased to Oxford Multicultural Childcare, a subsidiary of ‘Little Peoples Early Learning Centre’, a thriving business that currently operates 14 child care centres throughout New South Wales
-Stable lease term that commenced in 2017 and provides up to 50 years of lease security
-Returns $275,000* per annum net
-Favourable annual reviews to the greater of 4% and CPI

For further information don’t hesitate to contact the exclusive agents.

* Approximately

Property Details

  • 12/02/2020
  • Contact our experts for details on this transaction