This fantastic investment opportunity is situated in the developing Shearwater area of North West Tasmania. The property is home to Stepping Stones Child Care who are currently on a long term lease expiring in Feb 2021. Beyond this the tenant has another five (5) year option.
Shearwater is currently undergoing rapid development with a proposed Woolworths shopping complex having been approved. Additionally the area is one of Tasmania’s fastest growing suburbs and is home to many young families with children. The are has its own primary school and is a wonderful area for families with beaches and parkland..
Rapidly growing area
Showing approx 9.5% nett return on asking price
Statewide child care centre “Stepping Stones” as tenant
Lease till 2021
Five year option beyond current lease
Annual increases to CPI
Approx 280m2 modern building
Depreciation colud apply due to age of property