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Established Childcare Investment | 15 Year Net Lease + Options to 2052

22 Kauri Street , Cooroy QLD

Property Highlights

Increases to the greater of CPI or 3%
Tenant pays all outgoings incl land tax
Expansive 2,028sqm* site
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Description

Burgess Rawson is pleased to offer to the market Smarty Pants Early Learning located at 22 Kauri Street, Cooroy QLD for sale via our Investment Portfolio Auction 162.

This opportunity has the following key investment highlights:

+ Fifteen (15) year net lease to June 2037
+ Three (3) further five (5) year options to June 2052
+ Smarty Pants Early Learning: privately owned and operated boutique childcare centre
+ Landlord favourable annual rent increases to the greater of CPI or 3%, with ratchet provisions at market review
+ Tenant pays all outgoings including land tax
+ Long established 63 LDC place childcare centre that has been in operation since 1988
+ Expansive 2,028sqm* site conveniently located within proximity to Cooroy’s main retail, medical and commercial precinct featuring numerous national tenants including IGA, QML Pathology, BP, Mitre 10, & Anytime Fitness
+ Strategically positioned 250m* from Cooroy State School (460+ enrolments) and within 1km* of renowned schools – Noosa District High School (1,110+ enrolments) & Noosa Christian College (250+ enrolments)
+ Located just 15km* west of Noosa – a highly desirable affluent coastal region on the Sunshine Coast generating a GRP of $2.96 billion in 2022, growing 8.1% since the previous year^
+ Sunshine Coast: one of Australia’s fastest growing regional areas with a population over 377,000 which is forecast to grow to by 33% to over 500,000 by 2041^^
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable childcare, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families (1.2 million) with a child in care^^^
+ Net Income: $162,388 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 3 August 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson childcare team for more information.

*Approx.
^Noosa Shire Council
^^ Sunshine Coast Council
^^^Australian Government – Department of Education | Child Care Subsidy Reform

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,028 SQM
Building Area
550 SQM

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