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Stunning Brisbane Childcare Investment

402 Moggill Road, Indooroopilly QLD

Property Highlights

15 year triple net lease
Journey E.L: national provider
3% rent increases + ratchet provisions

Description

Brand new 15 year lease to Journey Early Learning to 2032
Two further 5 year options to 2042
Journey Early Learning: highly regarded and successful childcare provider with a further 10 centres across Victoria and Queensland
Attractive 3% annual rent increases plus ‘ratchet’ provisions at market review, ensuring guaranteed rental growth
Triple net lease terms with the tenant responsible for all outgoings including: capital/ structural works and land tax
Immaculate 340 sqm facility, with high-end conversion completed in 2017 and licensed for 54 LDC places
High-exposure 1,210 sqm main road site, with dual street frontage of 58m
Strategic position 450 metres from Westfield Indooroopilly and only 6km south-west from the Brisbane CBD
Net Income: $151,200 pa

Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,210 SQM
Building Area
340 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

0413 856 983

David Ingram

0403 464 621

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