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Entry-Level Childcare Investment | 100 % Occupancy with Extensive Wait List

55 Mark Road West , Little Mountain QLD

Property Highlights

Renewed lease to 2028 + options
Goodstart: 664 centres nationally
3%pa rent incrs + ratchet provisions

Description

+Renewed triple net Lease to Goodstart Early Learning to 2028.
+Four further five year option to 2048.
+Goodstart Early Learning: Australia’s largest early education provider with 664 centres nationally.
+Tenant pays 100% of outgoings including: all maintenance (both capital and structural) and land tax.
+Annual 3% rent increases with ratchet provisions at market review, guaranteeing rental growth.
+Purpose-built childcare centre, licensed for 53 LDC places.
+Strong-trading business, 100% occupancy with extensive waitlist and rated “Exceeding” under the National Quality Framework (NQF).
+Substantial 1,631sqm triple-street-frontage landholding within an established residential precinct.
+Located 620 metres from Bunnings and conveniently positioned with arterial access to surrounding commercial/retail precincts including: Caloundra Shopping Centre underpinned by both Coles and Woolworths.
+Little Mountain: popular Sunshine Coast suburb only 2km from Caloundra’s commercial centre.
+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: $103, 848pa + GST.

For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 12 May 2022
The Hilton – Brisbane

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,631 SQM
Building Area
1 SQM

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