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  • For sale
DA approved childcare site with quality lease covenant - #1
DA approved childcare site with quality lease covenant - #2
DA approved childcare site with quality lease covenant - #3
DA approved childcare site with quality lease covenant - #4
DA approved childcare site with quality lease covenant - #5

For Sale

Expressions of Interest closing 15th Sep 2023 Ground Floor, 18 Honeysuckle Drive, Newcastle
The subject site is centrally located 10 kilometres* from Newcastle CBD. This prime location places the property within close proximity to excellent amenities such as the University of Newcastle Callaghan Campus, Stockland Jesmond Shopping Centre and the John Hunter Hospital.

The regular shaped block of R2 Low Density Residential land is 1,565 square metres* located on the eastern side of Raglan Street. The site offers DA approval for a 100 place childcare centre situated within close proximity to three primary schools, numerous local amenity and ease of access to major arterial roads including Newcastle Road. The design is an efficient retrofit design providing potential construction cost and time saving opportunity. With a fifteen year lease to 'Little Zaks' and a further two ten year options this operator has entrenched themselves in the sector in the upper echelon of service
providers.

For Sale by Expressions of Interest l For more information, please call agents,

*Approximate
Images are Artist's Impressions

Features

DA Approved / Planning
Approved for 100 place childcare centre
School
Leased to 'Little Zaks'
TimeFrames - Lease Term
15 year lease term
Net Income
Net income $420,000* (plus GST) pa