Long-Established Childcare Investment | New 15 Year Net Lease to 2039 + Options

Description

Burgess Rawson is pleased to offer to the market Journey Early Learning Kawana located at 188 Farm Street, Kawana (Rockhampton) QLD for sale via Expressions of Interest.

The property has the following investment highlights:

+ New fifteen (15) year net lease to July 2039
+ Three (3) further twelve (12) year options to July 2075
+ Journey Early Learning: premium early education provider with a network of 38 centre’s and growing
+ Fixed 3% annual rent increases with ratchet provisions at market review, ensuring consistent rental growth
+ Tenant pays all outgoings including land tax
+ Established & strong-trading business with the centre operating at capacity with an extensive waitlist
+ Substantial 151 LDC place ‘dual’ centre with recent significant capital upgrade and imminent future tenant-funded capital upgrades
+ Enormous 3,775sqm* corner-site with a total of 40 car spaces and 22 designated staff parks on title located at the rear of the property
+ Well positioned within a strong schooling catchment – three (3) schools within a 1km* of the centre and a further nine (9) schools within a 3km* radius, combining to service 3,334 students*
+ Conveniently located to Rockhampton’s key retail infrastructure including major shopping centre’s Stockland Rockhampton, Norman Gardens Shopping Village, Primewest Homemaker’s Centre & Northside Plaza
+ Situated within immediate proximity of an abundance of national retailers including McDonald’s, Bunnings, Bridgestone, BCF, Red Rooster, Dan Murphy’s & Autobarn
+ Rockhampton: the ‘beef capital’ of Australia and major logistics hub of Central Queensland with a Gross Domestic Product of $5.71 billion (FY23)^
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^
+ Net Income: $543,000 pa* + GST

To be sold via Expressions of Interest
Closing 3pm AEST Wednesday 3 July 2024

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.
^ Rockhampton Regional Council
^^ Australian Government Department of Education

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Contact agents
Adam Thomas Partner | Managing Director QLD
0418 998 971
Josh Scapolan Senior Sales Executive
0484 229 829
Enquiry Form

Kawana, QLD

188 Farm Street

For Sale by Expression of Interest

This property is part of Portfolio 169

Price: Contact Agent

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