CBRE is pleased to offer to the market Goodstart Cranbrook (Townsville), located at 9-13 Alice Street, Cranbrook QLD 4814 for sale via CBRE Investment Portfolio Auction 177.

This opportunity has the following key investment highlights:

+ Renewed thirty six (36) year net lease to Goodstart Early Learning to January 2054, plus two (2) further ten (10) year options to 2074
+ Goodstart Early Learning: Australia’s largest early education provider with 660+ centres nationally, employing 16,000 staff and generating annual revenue of $1.51 billion
+ Triple net lease – tenant pays 100% of outgoings, including land tax, management fees, repairs and maintenance and structural capital expenditure
+ Current rental below market, with attractive market reviews every 10 years, next due in January 2029 (uncapped)
+ Exceptional annual increases to the greater of fixed 2.5% or CPI reviews (capped at 6%)
+ Well-presented 102 LDC place childcare facility with 16 on-title car spaces & adjoining KFC, Cranbrook Car Wash, Star Discount Chemist and with direct access to Ross River Road (20,000+ vehicles passing daily*)
+ Dominant 2,781sqm* corner landholding situated with immediate proximity to Cranbrook State School (530 enrolments*) & with a further 8 schools located within a 2km* radius, combining to support 5,808 full time students*
+ Childcare/Early Education: an essential service asset class with both Federal & State Government’s allocating over $16 billion in funding for FY25, including $3.6 billion supporting wages and $1 billion to expand access in underserved areas
+ Townsville: economic capital of North Queensland, with over $27 billion in infrastructure projects underway and population forecasted to increase by 54% by 2041 to over 300,000 people
+ Net Income: $243,955 pa* + GST

For Sale via Investment Portfolio Auction 175
10.30am AEST Thursday 26 June 2025
The Westin, Brisbane

Please contact the exclusively appointed CBRE team for more information.

*Approx.