Prime Childcare Investment | 100% Occupancy | New 15 Year Net Lease to 2038 Plus Options
367 Handford Road, Taigum QLD
Property Highlights
Description
Burgess Rawson is pleased to offer to market Affinity Education located at 367 Handford Road, Taigum (Brisbane) QLD, for sale via our Investment Auction Portfolio 160.
The property has the following investment highlights:
+ New 15 year net lease to 2038 plus two further options to 2068
+ Affinity Education: one of Australia’s largest early education providers with 190+ centres nationally
+ Fixed 3% annual rent increases with ratchet provisions at market review, ensuring rent cannot reduce
+ Tenant pays all outgoings including land tax
+ Strong trading 108 LDC place centre with 100% occupancy, recently acquired by Affinity Education
+ Irreplaceable 1,877sqm* commercial site adjacent to Taigum Village Neighbourhood Centre anchored by Coles, ALDI and 7-Eleven
+ Prized schooling catchment featuring 13 schools and 7,000+ full-time students within a 3km* radius^
+ Taigum: thriving family friendly location, with median house prices up 40% over the past 3 years^^
+ 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 2021-2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^^^
+ Net Income: $379,787 pa* + GST**
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 11 May 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
**As at 26 July 2023
^GapMaps
^^Realestate.com.au
^^^Mitchell Institute, Australian Investment in Education
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