507 - 511 Davidson Street Port Douglas QLD 4877

Secure 15 year lease to Petit Early Learning to 2029
Minimum 2.5% annual rent increases + ratchet provisions
576 sqm state-of-the-art child care facility, licensed for 88 LDC places
Petit Early Learning: highly experienced and successful early education childcare provider with 18 centres across the eastern seaboard
Triple net lease with the tenant responsible for all outgoings including: insurance, maintenance, repairs (capital & structural) plus multiple holding land tax
High profile 2,663 sqm main road corner site, with 20 car spaces
Port Douglas: tourist mecca of far North Queensland and gateway to the Great Barrier Reef and the Daintree National Park
Substantial income tax saving depreciation benefits
Net Income: $197,877 pa + GST and Outgoings

Auction 11am AEST Wednesday 15 May 2019
River Room, Crown Casino, Melbourne