Strong Trading Childcare Investment | New 15 Year Net Lease to 2037
21 - 23 Fisher Road , Gordonvale QLD
Property Highlights
Description
+New 15 year net lease to Natural Beginnings Early Learning to 2037
+Two further ten year options to 2057
+Natural Beginnings Early Learning: long established and highly respected local provider
+Greater of CPI or 3% annual rent increases
+Tenant pays all outgoings including land tax
+Well-maintained child care centre, licensed for 81 LDC places
+Strong trading centre with high occupancy
+Large 4,006sqm site, located 350m from the Bruce Highway, providing ease of access to the Cairns CBD, and only 900m from the soon to be complete $20 million Woolworths anchored Gordonvale Shopping Centre
+Cairns: gateway to Australia’s Great Barrier Reef, economic output of $10.25 billion and Australia’s 5th largest regional city with a rapidly growing population of 168,449 people
+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year**
+Net Income: $226,800* pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 4 August 2022
The Hilton – Brisbane
*approx
Property Details