Burgess Rawson is pleased to offer to the market, 40-44 Munro Street, Auchenflower QLD for sale via our Auction Investment Portfolio 157.
This investment has the following key investment highlights:
+ New 10 year net lease to Eden Academy to 2032
+ Two further 10 year options to 2052
+ Fixed 3% annual rent increases
+ Tenant pays 100% of outgoings including land tax
+ Eden Academy: experienced boutique child care operator with a current network of 12 centres Australia-wide, and a further 10 centres to commence operation by the end of the year
+ Iconic two storey building with service approval for 75 LDC places
+ Premises currently undergoing significant tenant capital upgrade
+ Commanding 1,468sqm* site bordering neighbouring affluent suburbs of Bardon & Rosalie
+ Strategically positioned in a highly sought-after schooling catchment with close proximity to renowned schools such as Toowong State School, Indooroopilly State High School and Brisbane Boys' College
+ Auchenflower: highly sought-after location and only 6km* from the Brisbane CBD, with a median house price of $1,627,500
+ Brisbane: the third largest city in Australia, with a population forecasted to grow by 230% to 4.2 million residents by 2050
+ 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 2022 the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year**
+ Net Income: 351,819 pa* + GST
**Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 8 December 2022
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
