Entry-Level Childcare Investment
168 South Street , Toowoomba QLD
Property Highlights
Description
Secure 15 year lease to G8 Education Limited 2030
Two further 5 year options to 2040
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.7 billion
Fixed 4% annual rental increases plus ‘ratchet’ provisions at market review ensuring guaranteed rental growth
Well-maintained facility, licensed for 54 LDC places
Tenant pays all usual outgoings including management fees
Strategic 1,449 sqm corner site metres from St Thomas Primary School and only 1.5km from the Toowoomba CBD
Toowoomba: located 125km west from the Brisbane CBD and the commercial centre of the Darling Downs Region, servicing a trade catchment of circa 120,000 people
Net income: $108,520 pa + GST
Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne
Property Details
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