Stonebridge Property Group are pleased to announce the sale of Kinfolk Early Learning Centre to a private investor for $4.4 million. The sale price reflects a passing yield of approximately 6.14%.
428 Macauley Street is a brand new, purpose built childcare facility, architecturally inspired by the highly regarded Reggio Emilia learning principles.
The 112-place single level childcare centre was completed in December 2017 and features 7 rooms, including a central open piazza meals area bathed in natural light, a commercial kitchen, multiple bathrooms, storage spaces, laundry and offices as well as an open reception area.
The building is approximately 806sqm* with an additional 786sqm* of outdoor play area. The site has three street frontages with two entry/exit points, from Cod Lane and Macauley Street, with 26 on site car spaces.
Stonebridge Sales Agent William Blanch said: “Being near brand-new and with an 18 year lease with fixed 3.5% annual rent increases, the property is an outstanding childcare investment for the purchaser.”
“Albury-Wodonga has always been one of Australia’s strongest regional areas with the population expected to reach nearly 100,000 people by 2036. Kinfolk Early Learning is set to greatly benefit from this continued growth.”
For more information, please contact the agent William Blanch on +61 400 099 966.