New 15 Year Triple Net Lease to 2036 | Leased to Leading National Provider
8-10 Short Street, Nerang QLD
Property Highlights
Description
+ New 15 year triple net lease to Genius Childcare to 2036
+ Two further 10 year options to 2056
+ Genius Childcare: experienced national early education provider with a network of 34 centres nationally
+ Minimum 2.5% annual rent increases, plus ratchet provisions at the market review, guaranteeing rental growth
+ Tenant pays 100% of outgoings including: all maintenance (both capital and structural), land tax, rates, insurance and management fees
+ Established child care facility, with service approval for 75 LDC places
+ Strategic location opposite Nerang State School (P-12) and metres from ALDI, Coles & the Pacific Motorway interchange
+ Gold Coast: one of Australia’s fastest-growing cities with current population of 620,518 and forecast to grow to over 1,000,000 by 2050
+ 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: $262,500 pa + GST
For Sale by Investment Portfolio Auction
11am (AEST) Wednesday 29 September 2021
*Mitchell Institute, Australian Investment in Education: Early Learning.
Property Details