35 Homington Road, Elizabeth North, SA, 5113

Burgess Rawson are pleased to present Bright Steps Academy located at 35 Homington Road, Elizabeth North SA for sale via Investment Portfolio Auction 172.

The property has the following investment highlights:

+ Brand new twenty (20) year net lease to 2044

+ Two (2) further ten (10) year options to 2064

+ Bright Steps Academy: privately owned and operated early education provider with a network of centres across SA, VIC, ACT & NSW

+ Landlord–favourable fixed 4% annual rent increases, ensuring rental growth

+ Tenant pays all outgoings including land tax and management fees

+ Impressive 848qm* NLA single storey childcare facility approved for 109 LDC places with 31 car spaces on title

+ Brand new construction offering outstanding depreciation benefits

+ Substantial 2,941sqm* corner site positioned within immediate proximity to Elizabeth North Primary School (200m*) & within a 3km* radius of a further 21 schools, which combine to service 6,448 students*

+ Located within a dominant retail precinct, adjacent Elizabeth North Neighbourhood Centre & within a 3km* radius of a further six shopping centres including major retail centres Munno Parra Shopping City & Elizabeth City Centre, anchored by national retailers Big W, Woolworths, Coles, Target, Kmart & supported by numerous specialty stores

+ Seamless connectivity with Main North Road, a major arterial road connecting the Adelaide CBD to the Sturt Highway with over 46,000 passing vehicles daily*

+ City of Playford: thriving commercial & agricultural region with a population forecast to increase to 149,000 by 2041 (33% increase) & a Gross Regional Product of $4.18 billion^

+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.

+ The 2024-25 Federal Budget has paved the way for positive change and reform in the childcare sector. In addition to this increase in award wages for childcare educators, $650 million will be allocated to workforce qualification and training in the childcare sector over the next four years to further enhance the quality of education and support the future of Australian children.

+ Net Income: $400,030 pa* + GST

For Sale by Investment Portfolio Auction

10:30am AEDT Wednesday 30 October 2024

River Room, Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson team for more information.

Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401

*Approx.

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