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Stunning Childcare Investment Highly Sought-After 15 Year Triple Net Lease

16 Keong Road, Albany Creek QLD

Property Highlights

New 15 Year Triple Net Lease

Fixed 3% pa rent increases

New double storey childcare

Description

+ Secure 15 + 5 + 5 year triple net lease to Green Leaves to 2044
+ 3% annual rent increases plus ‘ratchet’ provisions at market review
+ Tenant pays all outgoings including capex, management fees and land tax
+ Green Leaves: established and successful high-end early education provider with 23 centres nationally
+ Premium 848 sqm double storey child care facility licensed for 109 LDC places
+ Prominent 1,202 sqm main road site opposite new Hungry Jack’s and established ALDI retail centre
+ Strategic position at the gateway to the popular Albany Creek retail precinct
+ New construction with significant income tax saving depreciation benefits
+ Net Income: $354,250 pa + GST

Auction 11am AEST Wednesday 26 June 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,202 SQM
Gross Building Area
848 SQM

Contact Agents

Adam Thomas

0418 998 971

Natalie Couper

0413 856 983

Pat Kelly

0412 244 456

Jamie Dewe

0410 350 273

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