99-101 Collins Street Redland Bay QLD 4165

+ Anchored by recent 10 year lease to Baildon Group (Superfish Swim Schools) until 2031 with options through to 2041
+ Supported by a brand new 3 year lease to Studio K Hair Co until 2025 with options through to 2028
+ Baildon Group: Established in 1996 operating multiple swim schools & gyms with strong financial backing
+ Studio K Hair Co: experienced multi-site operator with studios in Brisbane and Redland Bay
+ Attractive 7.83* year WALE, with 85.3% of the income underpinned by Superfish Swim School
+ Strategically positioned 1,589sqm site adjoining a 7-Eleven, 152 place childcare centre & medical centre in a booming residential catchment
+ Construction completed in January 2021, allowing for outstanding depreciation benefits (approx. $94,310 first year tax depreciation)
+ Annual fixed 3% rent increases ensuring strong rental growth
+ Tenants pay all outgoings (excluding land tax)
+ Ideal affluent catchment with median house prices in Redland Bay have increased 21.7% over the past 12 months**
+ Redland Bay is experiencing high population growth with children aged between 0-14 representing 22.4% of the total population, well above the Queensland average***
+ Net Income: $164,111 pa*

For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 23 June 2022
Hilton Hotel, Brisbane

Approximately*
Gapmaps**
ABS***