Stonebridge National Investment Sales is pleased to present 'Little Locals Auchenflower' for sale via Expressions of Interest.
The asset has the following key investment features:
- Brand new 20 year net lease to 2042 + options to 2062
- Little Locals - Successful, longstanding operator - high portfolio occupancy across 10 premium facilities^
- Landmark 2,038 sqm* corner site only 2 km* to Brisbane CBD
- Outstanding exposure with direct 50m* frontage to major arterial Milton Road (50,400+ vehicles daily)
- Safe, convenient and direct vehicular access available via traffic-light controlled intersection
- Ideal childcare location opposite Private Hospital, near Auchenflower Train Station, The Wesley Hospital and 21 schools (within 3km)
- State-of-the-art improvements (built 2020) providing optimal depreciation benefits
- Stunning, architecturally striking, carbon-neutral facility licensed for 125 places
- Strong performing centre exhibiting 90%+ occupancy
- Auchenflower - Leafy, affluent and family centric inner-city Brisbane suburb only 2 km* to CBD
- Tenant pays all usual outgoings including Land Tax
- Lease secured by 6 month Bank Guarantee
- Fixed 3% annual rent increases
- Net Income $500,000 pa* + GST
The asset is for sale Individually or in one line with Little Locals Toowoomba, via Expressions of Interest closing Monday 11th April at 1pm.
Please contact the exclusively appointed Stonebridge property professionals for further information.
*Approx.
^Operational by end of 2022
