Blue Ribbon Childcare Investment | Highly Sought- After 15 Year Triple Net Lease

42 Ashgrove Avenue, Ashgrove QLD

Property Highlights

New 15 year triple net lease

Fixed 3% rent increases

Inner city location - 4km from CBD

Description

+ Desirable 15 + 5 + 5 year triple net lease to Green Leaves to 2044
+ 3% annual rent increases plus ‘ratchet’ provisions at market review
+ Tenant pays all outgoings including maintenance (structural & capital), insurance & land tax
+ Green Leaves: established and successful high-end early education provider with 23 centres nationally
+ Premium 482 sqm double storey child care facility licensed for 54 LDC places
+ Prominent main road corner site metres from the ALDI, Coles and Woolworths anchored Ashgrove Marketplace
+ Highly sought-after inner city location only 4km from the Brisbane CBD
+ Net Income: $229,100 pa + GST

Auction
11am Wednesday 18 September 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
836 SQM
Gross Building Area
482 SQM

Contact Agents

Adam Thomas

0418 998 971

Natalie Couper

0413 856 983

Jamie Dewe

0410 350 273

Doug Doyle

0400 564 623

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