Secure Triple Net Lease Childcare Investment | Leased to National Provider Affinity Education
30 Regent Street, Maryborough QLD
Property Highlights
Description
+ Secure 15 Year Triple Net Lease to Affinity Education to 2028
+ Two further five year options to 2038
+ Affinity Education: operates a network of 150+ learning centres throughout Australia
+ Triple Net Lease – tenant pays 100% of outgoings including all maintenance (both capital and structural) insurances, management fees, rates and multiple holding land tax
+ Modern (constructed 2009) purpose-built child care centre, licensed for 85 LDC places
+ Minimum 2.5% annual rent increases plus ratchet provisions at the commencement of each further term, thereby ensuring rental growth
+ Large 3,115 sqm site within close proximity to Maryborough Town Centre and Station Square Shopping underpinned by Coles along with 42 specialty stores
+ Maryborough: served by the Bruce Highway, 30 km from Hervey Bay and the gateway to Fraser Island
+ Childcare/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