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40-44 Raff Street
Toowoomba City QLD 4350
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Sold on 17 May 2022

40-44 Raff Street Toowoomba City QLD 4350

  • Medical / Consulting
  • 2,833 m²
  • Sold

Sold - High Yielding Childcare Investment - New 15 Year Triple Net Lease

  • Longstanding Centre - 26+ Year History
  • Minimum 3% Annual Rent Increases
  • Net Income $343,200 pa + GST

Stonebridge is pleased to present to the market 40-44 Raff Street, Toowoomba for Sale via Expressions of Interest.

The asset has the following key investment features:

- Brand new 15 year triple net lease to 2037 + option to 2042
- Cherubs Early Leaning - Longstanding childcare centre with proven 26+ year history
- Land rich 2,833 sqm* site near Toowoomba CBD, TAFE, Bunnings and Queens Park
- Convenient, easily accessible location near Ruthven Street (New England Highway) and major thoroughfare Bridge Street
- Central childcare position within close proximity to 27 schools (within 3 km)
- Recently refurbished and upgraded facility licensed for 120 places
- Toowoomba - Dynamic Southeast QLD city with strong $11 Billion economy, booming population set to exceed 200,000 by 2036
- Triple Net Lease - Tenant pays all outgoings including Land Tax and structural R&Ms
- Lease secured by Bank Guarantee equivalent to 6 month's rent
- Minimum 3% annual rent increases
- Net Income $343,200 pa* + GST

The investment is for sale by way of Expressions of Interest closing Monday 11th April at 1pm.

Should you hold interest in the asset please contact the exclusively appointed Stonebridge property professionals.

*Approx.

EXPRESSION OF INTEREST

Closing date and time11/04/2022 13:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Stonebridge Property Group Pty Ltd
Stonebridge Property Group Pty Ltd
Level 29, 10 Eagle St
Brisbane City, QLD 4000

Property Highlights

Date Sold17 May 2022
Floor Area2,833 m²
Land Area2,833 m²
EnergyAsk Agent
Parking14 x Onsite parkings
Property ID2017664570
Category
Last updated  13 Nov 2023
Map for 40-44 Raff Street Toowoomba City QLD 4350
nbn® Fibre to the Premises (FTTP) is available in this property
Max wholesale speed tier available: nbn® Fibre to the Premises
Stonebridge Property Group Pty Ltd
Stonebridge Property Group Pty Ltd
Level 29, 10 Eagle St
Brisbane City, QLD 4000

Property Highlights

Date Sold17 May 2022
Floor Area2,833 m²
Land Area2,833 m²
EnergyAsk Agent
Parking14 x Onsite parkings
Property ID2017664570
Category
Last updated  13 Nov 2023

Co-Agents

Michael Collins
Michael Collins
Stonebridge Property Group Pty Ltd
Call
+61 404 023 204
Tom Moreland
Tom Moreland
Stonebridge Property Group Pty Ltd
Call
+61 408 072 822
Thomas Proberts
Thomas Proberts
Stonebridge Property Group Pty Ltd
Call
+61 439 588 019

More about 40-44 Raff Street Toowoomba City QLD 4350

40-44 Raff Street Toowoomba City QLD 4350 is categorized as Medical & Consulting Property. It has a floor area of 2,833 m² and a land area of 2,833 m². There are 14 x onsite parkings.The listing ID for this property is 2017664570.

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