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Long Established Childcare Investment | 15 Year Triple Net Lease

61 Miller Street , Urangan QLD

Property Highlights

15 Year Net Lease + options to 2042
Min 3% annual rent increases
Large 2,443 sqm landholding
Register to Bid

Description

+ 15 year triple net lease to 2032
+ Two further 5 year options to 2042
+ Minimum 3% annual rent increases with ratchet provision at market review, ensuring rental growth
+ Tenant pays 100% of outgoings including: all maintenance (both capital and structural), rates, management fees, insurances and land tax
+ Purpose-built 518sqm child care centre, with service approval for 75 LDC places
+ Substantial 2,443sqm landholding strategically located opposite Urangan Point State School (P-6)
+ Hervey Bay: the fastest growing seaside city in regional Queensland and only 3 hours’ drive north from Brisbane. A world renowned tourist destination and the commercial centre of the Fraser Coast region, with a trade catchment of over 107,000 residents.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $158,190 pa + GST

For Sale by Investment Portfolio Auction
11am (Brisbane Time) Wednesday 10 November 2021

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
2,443 SQM
Building Area
1 SQM

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