170-174 Carlisle Road, Northcross, North Shore

15 year lease on massive corner site

• New 15-year lease from 1 February 2026 returning $509,600pa + GST and outgoings
• Built-in rental growth through annual 2% increases and five-yearly market reviews plus bank guarantees
• Large 3,143sqm corner site with valuable Mixed Housing Urban zoning

Magic Garden offers the sort of investment profile that is increasingly hard to find on the North Shore, substantial land, long-term lease and a well-established business in a proven location with high demand for Early Childhood Education. A new 15-year term from 1 February 2026, the property provides immediate income certainty from a recognised occupier on a prominent corner holding.

Returning $509,600pa + GST and outgoings, the lease is underpinned by annual 2% fixed increases and five-yearly market reviews, giving investors both certainty and future rental growth. This is the type of low-management investment that will appeal to buyers seeking secure passive income backed by a long lease profile.

What really sets the property apart, however, is the calibre of the real estate beneath the income. Occupying a substantial 3,143sqm site in an affluent and tightly held North Shore catchment, with Mixed Housing Urban zoning, the asset offers more than just strong cashflow today. It is a land rich investment with real long term strategic appeal with the comfort of meaningful underlying value.

Please contact the Joint Sole Agents today Michael Nees and Damien Bullick from Bayleys Real Estate and Munish Verma from ABC Business Sales