Blue Chip CBD Childcare Asset – High Exposure & Growth Location

+ New 15 year lease to 2035
+ Imagine Childcare and Kindergarten: highly qualified national childcare provider with more than 14 centres across Australia
+ Favourable fixed, compounding 3% annual rent increases
+ Tenant pays usual outgoings (including management fees but excluding rates and land tax)
+ Premium childcare facility developed in 2020 – substantial depreciation benefits with approximately 30% of the first year rent potentially income tax free
+ Licenced for 119 long day care places
+ Ideally located in a high exposure position opposite Grand Central Shopping Centre (recently undergone a $500 million redevelopment) – anchored by Myer, Woolworths, Coles, Cinema, Big W, Target, Kmart plus over 200 fashion and specialty stores
+ Significant Toowoomba CBD landholding of approximately 2,450 sqm with 33 car parks on title plus convenient on street parking
+ Toowoomba: Australia’s second largest inland city with a population of 169,000 (ABS). The area is expected to grow to 200,000 by 2035.
+ Net Income: $357,201 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.