Impressive Childcare Investment leased to National Provider
507 Davidson St , Port Douglas QLD
Property Highlights
Description
Secure 15 year lease to Petit Early Learning to November 2029
Two further 5 year options through to November 2039
Petit Early Learning: highly experienced and successful childcare provider with 15 centres nationally
Minimum 2.5% 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 multiple holding land tax
Impressive 576 sqm state-of-the-art facility, licensed for 88 places
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 taxation saving depreciation
Net Income: $188,342 pa + GST and Outgoings
Auction 11am AEST Wednesday 28 June 2017
River Room, Crown Casino, Melbourne
Property Details