Triple Net Lease Childcare Investment
Description
100% Occupancy with long wait-list
15 + 5 + 5 year triple net lease to 2043
Net income: $282,524*pa + GST
- 15 year net triple net lease to ‘Grow Early Education’ to 2033 plus two (2) further five (5) year options to 2043
- Grow Early Education: highly successful operator with 25+ years’ industry experience
- Annual rent increases to the greater of CPI or 3%, plus ‘ratchet’ provisions at market reviews, guaranteeing rental growth
- Greater of CPI or 3% pa rent increases
- Tenant pays 100% of outgoings including: all maintenance (capex & structural), rates, land tax (single holding), insurance and management fees
- Purpose-built (constructed 2018) childcare centre, licensed for 80 LDC places
- Strong trading business with 100% occupancy and a long wait-list
- High profile 1,800*sqm main road site, with exposure to Stenner Street, one of Toowoomba’s main arterials and metres from Darling Heights Primary School
- Strategically positioned 900 metres from Toowoomba’s main retail precinct, including national retailers Harvey Norman, The Good Guys, Spotlight, Anaconda and two major shopping centres.
- Toowoomba: commercial centre of the Darling Downs Region, located 125km west from the Brisbane CBD and servicing a retail catchment of 160,000 people
Address
Open on Google Maps-
Address: 2 Platz Street, Toowoomba City, QLD
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State/county: Queensland
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Zip/Postal Code: 4350
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Area: Toowoomba
Details
Updated on June 25, 2024 at 7:39 am-
Property ID CECI-2634
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Property Type Medical
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Property Status Sold
Contact Information
All figures and site boundaries are approximate. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries and obtain their own independent advice, in order to verify the information.
