SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

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
Occupancy Type
Childcare
Land Size
1,214 SQM
Building Area
365 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights