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Impressive Childcare Investment leased to National Provider

507 Davidson St, Port Douglas QLD

Property Highlights

Secure 15+5+5yr lease to 2039
Successful national provider
Min 2.5%pa rent inc +ratchet provision

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,663 SQM
Building Area
576 SQM

Contact Agents

Adam Thomas

+610 418 998971

Contact Me

Natalie Couper

+610 413 856983

Jamie Dewe

0410 350 273

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