New 10 Year Net Lease Childcare Investment | Leased to ASX Listed G8 Education

17 Approach Road, Banyo QLD

Property Highlights

10 + 10 + 10 Year Net Lease to 2051
Fixed 3% annual rent increases
Substantial 2,046 sqm site
Register to Bid

Description

+ Brand new 10 year net lease to G8 Education to 2031
+ Two further 10 year options to 2051
+ G8 Education (ASX:GEM): Australia’s largest ASX-listed childcare provider, with 470+ centres across Australia and Singapore, educating more than 58,000 children every day
+ Attractive 3% annual rent increases
+ Tenant pays all outgoings, including land tax
+ Well-maintained child care facility with service approval for 75 LDC places
+ Substantial 2,096 sqm landholding, only 12 kilometres from the Brisbane CBD
+ Strategic position opposite the Australian Catholic University, 250m from Earnshaw College (P-12) and 750m from the Woolworths-anchored Banyo Shopping Centre Banyo and train station.
+ 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: $190,000 pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Wednesday 29 September 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

Property Details

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

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights