CBRE is pleased to offer to market Affinity Education located at 57 Yvette Street, Kelso (Townsville) QLD 4815 for sale via CBRE Investment Portfolio Auction 177.

The opportunity has the following key investment highlights:

+ Fifteen (15) year net lease and recently renewed option to 2033, plus a further 5-year option to 2038
+ Milestones ELC: Affinity Education Group is a highly experienced and established operator with over 250 centres nationally
+ Triple net lease – tenant pays 100% of outgoings including land tax, management fees, all R & Ms, and structural capital expenditure
+ Attractive annual increases – Greater of 2.5% or CPI, ensuring rental growth
+ Strategic 2,403sqm* landholding positioned 100 metres* from Kelso State School and only 15 kilometres* southwest from Townsville CBD
+ Established and high-performing 75 LDC place, purpose-built childcare facility, including 18 on-title car spaces
+ Strategically positioned with direct access to Riverway Drive, a main arterial connecting to the A1/Ring Road, providing easy access to both Kelso town centre, including the Woolworths anchored Riverway Plaza Shopping Centre, with a future Coles and Hungry Jack’s under development
+ Townsville: economic capital of North Queensland with over $27 billion* in infrastructure projects underway and population forecast to grow by 54% by 2041^
+ Childcare/Early Education: an essential service asset class with both Federal & State Government’s allocating over $16bn in funding for FY25, including $3.6 billion supporting wages and $1 billion to expand access in underserved areas
+ Net Income: $207,562 pa* + GST

For Sale via Investment Portfolio Auction 177
10:30 am AEST Thursday 26 June 2025
The Westin, Brisbane

Please contact the exclusively appointed CBRE team for more information.

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* Approx.