18-20 Bissett Street Marian QLD 4753

Medical / Consulting
753 m²
Sold

Impressive Childcare Investment | 15 Year Triple Net Lease to 2030

+ Secure 15 year net lease to Petit Early Learning to 2030
+ Two further 5 year options to 2040
+ Petit Early Learning: highly experienced and successful early education provider with 17 centres across the eastern seaboard
+ Minimum 2.5% annual rent increases plus ratchet provisions at market review, ensuring rental growth
+ Tenant pays 100% of outgoings including all maintenance (both capital and structural), rates, insurance, land tax, and management fees
+ Purpose-built 753 sqm child care facility, licensed for 104 LDC places
+ Strategic 2,500 sqm landholding centrally located within the Woolworths - anchored Marian Town Centre
+ Mackay: a vibrant and diverse commercial hub and one of Queensland's fastest growing coastal regions, home to over 117,000 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: $268,869 pa + GST

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

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