+15 year net triple net lease to Grow Early Education to 2033.
+Two (2) further five (5) year options to 2043.
+Grow Early Education: highly successful operator with 25+ years' industry experience.
+Annual rent increases to the greater of CPI or 3%, plus 'ratchet' provisions at market reviews, guaranteeing rental growth.
+Tenant pays 100% of outgoings including: all maintenance (capex & structural), rates, land tax (single holding), insurance and management fees.
+Purpose-built (constructed 2018) child care centre, licensed for 80 LDC places.
+Strong trading business with 100% occupancy with a long wait-list.
+High profile 1,800sqm main road site, with exposure to Stenner Street, one of Toowoomba's main arterials and metres from Darling Heights Primary School.
+Strategically positioned 900 metres from Toowoomba's main retail precinct, including national retailers Harvey Norman, The Good Guys, Spotlight, Anaconda and two major shopping centres - the Coles/Kmart-anchored Toowoomba Plaza, and The Ridge shopping world underpinned by Woolworths.
+Toowoomba: commercial centre of the Darling Downs Region, located 125km west from the Brisbane CBD and servicing a retail catchment of 160,000 people.
+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: $282,524* pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 23 June 2022
The Hilton - Brisbane
*Mitchell Institute, Australian Investment in Education: Early Learning.
