Ideally Located Gold Coast Childcare – 15 Year Triple Net Lease
15 year triple net lease + options
Minimum 3% annual rent increases
Net Income $185,599 pa + GST
Cushman & Wakefield are pleased to present to the market 106 Helensvale Road, Helensvale (Gold Coast) for sale via Public Auction.
The property has the following key characteristics:
• 15 year triple net lease to 2031 + options to 2041 • Bush Babies Nurseries Pty Ltd – QLD based Multicentre private operator • Purpose built childcare centre licensed for 79 places • Prominently situated opposite Helensvale School, neighbouring new 7 Eleven and close to major retail hubs • Strategically located on major thoroughfare Helensvale Road with direct access to Pacific Motorway • Helensvale – Well established suburb of the world renowned Gold Coast • Lease secured by a 6 month rental and outgoings Bank Guarantee ($114,587) in addition to Directors guarantees • Landlord friendly triple net lease - Minimum 5 year notice period to exercise options • Tenant pays all outgoings including Structural Repairs and Maintenance, Land Tax and Management Fees • Minimum 3% annual rent increases • Net Income $185,599 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 17 October at 2pm at the Cushman & Wakefield Sydney Office, located on Level 22, 1 O’Connell Street, Sydney NSW 2000.
Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.
Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.
AUCTION
Auction date and time
17/10/2019 14:00
Auction location
Cushman & Wakefield Sydney Office - Level 22, 1 O'Connell Street, Sydney
