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Trophy Childcare Investment Opposite One of Brisbane’s Top State Schools

144 Boundary Road , Bardon QLD

Property Highlights

20 + 10 + 10 year net lease to 2062
Significant depreciation benefits
3% pa rent inc. + ratchet provisions
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Description

Burgess Rawson is pleased to offer to the market, 144 Boundary Road, Bardon for sale via our Auction Investment Portfolio 155.

This investment has the following key investment highlights:

+ 20 year net lease to Eden Academy to 2042
+ Two further 10 year options to 2062
+ Eden Academy: experienced boutique childcare operator with a network of 22 centres Australia-wide
+ Fixed 3% annual rent increases, plus ‘ratchet’ provisions at market reviews, ensuring rent cannot reduce
+ Tenant pays 100% of outgoings including land tax
+ State-of-the-art purpose-built childcare centre approved for 49 LDC places
+ New construction with significant depreciation benefits
+ Strategically positioned directly opposite one of Brisbane’s top ranked schools – Rainworth State School
+ High exposure 1,300sqm site with exposure to 23,500+ passing vehicles daily and bordering neighbouring affluent suburbs of Paddington, Ashgrove & Rosalie
+ Bardon: highly sought-after affluent location only 4 kilometres from the Brisbane CBD, with a medium house price of $1,710,000
+ Brisbane: The third largest city in Australia, with a population forecasted to grow by 230% to 4.2 million residents by 2050
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year*
+ Net Income: $227,850 pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Friday 16 September 2022
The Hilton – Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,300 SQM
Building Area
1 SQM

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