2-6 Mayfair Drive Browns Plains QLD 4118

The Opportunity
- $129,005 NET per annum
- Operator Cubby Care experienced private QLD operator established for 15 years
- Leased till 2031
- Licenced 64 place LDC
- Lease commenced 27 February, 2016
- 2 x 5 Year option remaining (notice period of five years and six months)
- Triple net lease outgoings 100% recoverable including land tax on a single holding basis
- Rent reviews: CPI minimum 3% with next review 27/02/19
- Next Market review: year 11 - 2027
- Land size 2,566 sqm*
- 19 onsite car spaces

Building Description
- Semi-modern style (circa mid 1990's construction), single level, purpose built childcare centre licensed for 64 long day care places.
- The centre comprises five activity rooms, shared children's amenities, staff room and reception and directors office.
- Construction is primarily of brick external walls and sheet metal roofing.

Location:
- 100 metres from Browns Plains State School
- 1 km from Browns Plains Grand Plaza shopping centre
- 2 km radius from Saint Bernardine's Catholic Primary School, Yugumbir State School and Regents Park State School

For Sale by Expressions of Interest closing 4pm, Thursday 15th November, 2018

* approx.