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Market Leading and Strong Performing | Near New Childcare Investment

2623 Shute Harbour Road , Mandalay QLD

Property Highlights

10 year lease to 2032 + options
Highly successful 88 place centre
Newly constructed in 2022
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Description

Burgess Rawson is pleased to offer to the market the Jungle Zoo Early Learning Centre located at 2623 Shute Harbour Drive, Mandalay (Whitsundays) QLD for sale via Private Treaty.

This opportunity has the following key investment highlights:
+ Ten (10) year lease expiring April 2032 plus two (2) further (10) year options to April 2052
+ Jungle Zoo ELC: highly successful centre operated by early education operator with 30+ years of experience in the industry
+ Impressive 576sqm* purpose-built childcare centre constructed in 2022 and licensed for 88 LDC places
+ Attractive net lease structure – tenant pays all usual outgoings, including general repairs & maintenance, land tax and management fees
+ Annual rent increases to the greater of CPI or 3%
+ Enormous development upside with the potential to expand the centre to 140 LDC places (STCA) with increased parking for 36 vehicles already onsite
+ Substantial landholding comprising 9,957 sqm site incorporating numerous engaging outdoor activity areas that consist of a waterpark, animal features & detached external structures
+ Prominently positioned with 137m* of direct frontage to Shute Harbour Drive and within 3km* of the Airlie Beach CBD with access to numerous retail amenities including Jubilee Central, Airlie Beach Central and Whitsunday Shopping Centre
+Whitsunday Region: significant growth corridor of North Queensland, with a resident population forecast to grow at an average annual rate of 2.3%^
+ Net Income: $397,735 pa* + GST

For Sale by Deadline Private Treaty closing Tuesday 19 September 2023 at 3 pm AEST.

Indicative pricing of $5,680,000 (net yield of 7%)

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

*Approx.
^ Whitsunday Regional Council
^^Australian Government – Department of Education | Child Care Subsidy Reform

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
9,957 SQM
Building Area
576 SQM

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