SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Secure Triple Net Lease Childcare Investment | Leased to Experienced QLD Provider

213-217 Stuart Drive, Wulguru QLD

Property Highlights

Triple net lease to 2033 + options
Min 2.5% annual rent increase
Guppy’s: 15 centres in QLD
Register to Bid

Description

+ Sought-after Triple Net Lease to Guppy’s Early Learning to 2033
+ Two further five year options to 2043
+ Guppy’s Early Learning: highly experienced early education provider with a network of 15 centres across Queensland
+ Triple Net Lease – tenant pays 100% of all outgoings including all maintenance (both capital and structural) insurances, management fees, rates and multiple holding land tax
+ Purpose-built 74 LDC place centre with recent capital upgrade
+ Minimum 2.5% annual rent increases plus ratchet provisions at the commencement of each further term, thereby ensuring rental growth
+ Prominent 2,468 sqm main road corner site, metres from Wulguru State School and only 650 metres from Woolworths & Coles anchored Fairfield Shopping Centre
+ Townsville: the ‘Capital’ of Far North Qld, a thriving economy with a Gross Regional Product of $11.74B
+ 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 service during the 2019/20 financial year
+ Net Income: $148,732 pa + GST (Dec 2020)

For Sale by Investment Portfolio Auction
11:00am (AEDT) Wednesday 28 October

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,468 SQM
Building Area
590 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights