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Sold on 25 Nov 2021

148 West Burleigh Road Burleigh Heads QLD 4220

  • Shop & Retail
  • 1,547 m²
  • Sold

Trophy Burleigh Heads Childcare Centre - 20 Year Net Lease

  • Premium National Operator
  • Fixed 3.5% Annual Rent Increases
  • Net Income $390,158 pa + GST

Cushman & Wakefield is pleased to present to the market 148 West Burleigh Road, Burleigh Heads (7 Banjo Street) for Sale via Auction.

The property has the following key characteristics:

- Secure 20 year corporate net lease to 2038 + options to 2053
- Petit Early Learning - National childcare operator across 18 locations & 100% owned by a Morgan Stanley fund
- Trophy location on West Burleigh/Reedy Creek Road, exposed to 34,000+ vehicles daily
- Prime position directly opposite Stockland Burleigh Heads Shopping Centre - Home to Woolworths, Aldi, Big W, JB Hi-Fi + 100 specialty retailers
- Architecturally designed & expertly configured, maximising the 1,068 sqm site to create a 1,547 sqm childcare facility with an impressive 108m of combined frontage
- State-of-the-art 108 place centre featuring expansive 510 sqm rooftop playscape & 29 basement car parks
- Newly built in 2018 providing optimal depreciation benefits
- Burleigh Heads - Highly sought after Gold Coast suburb with residential price growth surging 47% over the last 5 years
- Gold Coast - World famous location, current population of 590,000 set to boom to 1 million by 2050
- Secure net lease including ratchet provision - ensuring rent cannot decrease
- Tenant pays all outgoings including Land Tax and Repairs & Maintenance
- Fixed 3.5% annual rent increases
- Net Income $390,158 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.

Michael Collins
Cushman & Wakefield Brisbane
Michael Collins
Cushman & Wakefield Brisbane
Tom Moreland
Cushman & Wakefield Brisbane
Tom Moreland
Cushman & Wakefield Brisbane

Property Highlights

Property ID2017347817
Date Sold25 Nov 2021
Floor Area1,547 m²
Land Area1,068 m²
EnergyAsk Agent
Parking29 x Onsite parkings
Building TypeWhole building
Category
Last updated  26 Nov 2021
Map for 148 West Burleigh Road Burleigh Heads QLD 4220
Michael Collins
Cushman & Wakefield Brisbane
Michael Collins
Cushman & Wakefield Brisbane
Tom Moreland
Cushman & Wakefield Brisbane
Tom Moreland
Cushman & Wakefield Brisbane

Property Highlights

Property ID2017347817
Date Sold25 Nov 2021
Floor Area1,547 m²
Land Area1,068 m²
EnergyAsk Agent
Parking29 x Onsite parkings
Building TypeWhole building
Category
Last updated  26 Nov 2021
Level 11, 123 Eagle Street Brisbane City QLD 4000
Michael Collins
Michael Collins
Cushman & Wakefield Brisbane
Tom Moreland
Tom Moreland
Cushman & Wakefield Brisbane

Michael Collins

Cushman & Wakefield Brisbane

Tom Moreland

Cushman & Wakefield Brisbane

0404 *** ***
0404 023 204

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