40-44 Raff Street Toowoomba City QLD 4350

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.