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Stunning Brisbane Childcare Investment

382 Tufnell Road , Banyo QLD

Property Highlights

New 15 Year Net Lease to 2036
Fixed 3% annual rent increases
100% occupancy with wait list
Register to Bid

Description

+ Brand new 15 year net lease to Journey Early Learning to 2036
+ Two further 10 year options to 2056
+ Journey Early Learning: one of Australia’s leading early education providers, with a network of 37 centres across the eastern seaboard
+ Attractive 3% annual rent increases
+ Tenant pays 100% of outgoings, including land tax
+ As new 365sqm child care facility with service approval for 61 LDC places
+ Large 1,214 sqm landholding with 13 on-site car spaces
+ Significant depreciation benefits
+ Strategic location only 400m from Earnshaw College (P-12) and 850m from the Woolworths-anchored Banyo Retail Centre
+ 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 the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $218,358 pa + GST

For Sale by Investment Portfolio Auction
11:00am (Brisbane Time) Wednesday 10 November 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
1,214 SQM
Building Area
365 SQM

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