Affordable Brisbane Childcare Investment

17 Approach Road, Banyo QLD

Property Highlights

10 + 10 + 10 yr lease to G8 Ed to 2044
ASX listed tenant
2,096 sqm site - 12 km from CBD

Description

+ 10 year lease to G8 Education to 2024
+ Two further 10 year options to 2044
+ G8 Education: ASX listed with 470+ centres across Australia and Singapore
+ Long established 75 place child care facility
+ Current rental of $1,720 per place well below market levels, with Market Review due in 2024
+ Substantial 2,096 sqm site only 12km from Brisbane CBD
+ Strategic position opposite the Australian Catholic University and 200m from Earnshaw State College
+ Child Care/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector during the 2019–20 financial year
+ Net Income $129,043 p.a. (May 2020)

For Sale

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,096 SQM
Building Area
499 SQM

Price

$2,600,000

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights