Longstanding Childcare and Retail Centre - 100% Leased
Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial are thrilled to offer to the market this longstanding childcare investment with major upside. 29 Coolibah Street, Southport has enjoyed the same childcare care for over 10 years. The centre offers additional income from 4 retail tenancies that have been highly sought after since the original construction.
Our vendor is extremely motivated and given us clear instructions to have this incredible investment property sold.
- Net income $248,443* p.a. + GST + all outgoings - New 10 year lease with Little Hands Childcare' - Substantial land holding of 2,611m²* in central Southport - Freestanding building NLA 1,519m²* - 4 mixed use retail tenants - 70% of outgoings recoverable - Zoning - Neighbourhood Centre Land - Prime corner site backing onto a park - Annual rental increases - Exceptional re-development potential with strong holding income - 41 Car parks - The site takes advantage of the dense residential catchment of Southport. Only minutes from Smith Street with easy access to North and South bound M1 Motorway.
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