Long Trading Childcare Investment | Fixed 3% Annual Rent Increases
5-9 Monarch Drive, Deception Bay QLD
Property Highlights
Description
+ 9 year net lease to Day One Early Learning to 2026
+ Three further 5 year options to 2041
+ Day One early Learning: experienced provider with a network of 7 Queensland centres
+ Fixed 3% annual increases with ratchet provisions at market review
+ Long established centre, in operation for 25+ years
+ Tenant pays all usual outgoings including management fees
+ Premium child care facility, with service approval for 118 LDC places
+ Large 5,730sqm site within close proximity to both Deception Bay and Burpengary Shopping centres, each underpinned by Woolworths + specialty stores
+ Situated within a significant schooling precinct – 8 schools within a 3 kilometre radius
+ Newly refurbished centre with significant depreciation benefits
+ 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: $200,662 pa + GST
For Sale by Investment Portfolio Auction
10:30AM (AEST) Thursday 16 December 2021
Hilton Brisbane
*Mitchell Institute, Australian Investment in Education: Early Learning.
Property Details
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