Triple Net Lease to Australia’s Largest Childcare Provider
187 - 191 Bruce Highway , Edmonton QLD
Property Highlights
Description
Renewed lease to Goodstart to June 2024 plus one further 5 year option
Goodstart Early Learning: Australia’s largest childcare provider, with an annual revenue of $900m+ and educating more than 71,500 children across their 649 centres nation-wide
Minimum 2.5% annual rent increases plus ‘ratchet’ provisions at market review, ensuring rent cannot reduce
Triple net lease with the tenant responsible for all outgoings including: insurance, maintenance, repairs (capital and structural) plus multiple holding land tax
Improvements comprise three high quality freestanding child care facilities licensed for a total of 150 LDC places including a popular OOSH service
Substantial 4,047 sqm highway site only 9km south from the Cairns CBD
Net Income: $281,808 pa (June 2018) + GST and Outgoings
Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne
Property Details