24 Michigan Drive Oxenford QLD 4210

Long term lease to Guppys Early Learning Centre, this is your chance to secure a passive long term investment with annual income secured by a strong performing tenant.

Features include:

$109,546* p.a. current net income
8 + 5 + 5 year net lease to Guppys Early Learning Centres
Initial lease commenced 22/11/2017 with 3% annual rent increases
Strong performing childcare tenant with 13 other QLD locations
65 place modern centre, facilities include expansive outdoor play areas, in house meal preparation areas and additional upper level staff areas
Convenient well positioned location in the established and still emerging growth precinct of Oxenford
1640m² site area with 8 onsite carparks
Perfect childcare demographic - high annual population growth with a high percentage of working families
Guppys Early Learning Centres - highly qualified tenant with a strong track record of successful childcare operations, 14 current locations.
Ideal long term passive investment opportunity secured by a tenant with an impeccable rental payment history.

The property is being offered For sale via public auction.

Auction at 11am AEDT Wednesday 29th May 2019, In rooms at Colliers International offices - Level 2, Circle on Cavill, 3184 Surfers Paradise Boulevard, Surfers Paradise, QLD 4217

For more information contact Colliers Internationals Steven King on 0417 789 599

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