JLL is proud to exclusively present 4A Camrose Place, Glenfield, for sale by Deadline Private Treaty Closing 4pm Thursday, 3rd June 2021 (unless sold prior).
The ChildCare at 4a Camrose Place is operated by multi-national Evolve Education Group Limited; one of the main players involved in early childhood learning. Evolve Group currently operate 117 centres, have 2,173 staff and care for 8,708 children.
The initial 10 year lease which commenced in November 2016, has a remaining term of over 5 years with further rights of renewal available. Currently at 100% of the license capacity, the investment is currently returning a net rental of $213,713 per annum, and benefits from fixed yearly rental growth.
The 1,717sqm Mixed Housing Urban zoned site is situated in a popular residential locality, just minutes from Glenfield Mall. Sites of this size in Glenfield are difficult to come by and are becoming increasingly sought after by developers. The 415sqm building (built approximately 10 years ago) has a site coverage of just 45% providing long term redevelopment potential. The site benefits from a surplus of 19 car parking spaces.
The Mixed Housing Urban zoning provides the opportunity for reasonably high-density development, typically up to three storeys in a variety of sizes and forms, including detached dwellings, terrace housing and low-rise apartments.
Key Investment Highlights:
- 1,717sqm site with only 45% site coverage
- Excellent condition, well presented building only 10 years old (approx.)
- Blue-chip, Multi-National Tenant
- Current rental of $213,713 net per annum
- Fixed yearly rental growth
- Prime location close by Glenfield Mall
- Future development potential
- Long term lease
- 19 Car parks
- Licensed for 80 Children
Viewings strictly by appointment only contact the sole agents for a full information pack.
