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Modern Childcare Investment Leased to National Provider

507 - 511 Davidson Street, Port Douglas QLD

Property Highlights

15 yr lease to Petit EL + opts to 2039

Triple Net Lease

Min 2.5% incrs + ratchet provisions

Description

Secure 15 year lease to Petit Early Learning to 2029
Minimum 2.5% annual rent increases + ‘ratchet’ provisions
576 sqm state-of-the-art child care facility, licensed for 88 LDC places
Petit Early Learning: highly experienced and successful early education childcare provider with 18 centres across the eastern seaboard
Triple net lease with the tenant responsible for all outgoings including: insurance, maintenance, repairs (capital & structural) plus multiple holding land tax
High profile 2,663 sqm main road corner site, with 20 car spaces
Port Douglas: tourist mecca of far North Queensland and gateway to the Great Barrier Reef and the Daintree National Park
Substantial income tax saving depreciation benefits
Net Income: $197,877 pa + GST and Outgoings

Auction 11am AEST Wednesday 15 May 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2663 Squaremeter
Gross Building Area
576 Squaremeter

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

0413 856 983

Jamie Dewe

0410 350 273

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