Impressive Childcare Investment | 15 Year Triple Net Lease to 2030

5 Central Parade, Murwillumbah NSW

Property Highlights

Min 2.5% annual rent increases
Tenant pays 100% of outgoings
3,269sqm site with triple st frontage
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Description

+ 15 year triple net lease to Petit Early Learning Journey to 2030
+ Two further 5 year options to 2040
+ Petit Early Learning Journey: highly experienced and successful early education provider with 17 centres across the eastern seaboard
+ Minimum 2.5% annual rent increases plus ratchet provisions at market review, ensuring rental growth.
+ Tenant pays 100% of outgoings including: all maintenance (both capital and structural), rates, insurance and management fees
+ Purpose-built 715 sqm child care facility, licensed for 110 LDC places
+ Land Tax exempt commercial investment
+ Large 3,269sqm site with triple street frontage
+ Murwillumbah: sough-after location on the Tweed River only 16km from Cabarita Beach, Casuarina and Kingscliff
+ Northern Rivers Region: Home to 307,047 people, supporting 107,411 jobs, and with an annual economic output of $32.683 billion.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $263,067 pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Thursday 30 September 2021

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Building Area
1 SQM

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