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61 Miller Street
Urangan QLD 4655
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Sold on 10 Nov 2021

61 Miller Street Urangan QLD 4655

  • Medical / Consulting
  • 1 m²
  • Sold

Long Established Childcare Investment | 15 Year Triple Net Lease

    + 15 year triple net lease to 2032
    + Two further 5 year options to 2042
    + Minimum 3% annual rent increases with ratchet provision at market review, ensuring rental growth
    + Tenant pays 100% of outgoings including: all maintenance (both capital and structural), rates, management fees, insurances and land tax
    + Purpose-built 518sqm child care centre, with service approval for 75 LDC places
    + Substantial 2,443sqm landholding strategically located opposite Urangan Point State School (P-6)
    + Hervey Bay: the fastest growing seaside city in regional Queensland and only 3 hours' drive north from Brisbane. A world renowned tourist destination and the commercial centre of the Fraser Coast region, with a trade catchment of over 107,000 residents.
    + 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 the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
    + Net Income: $158,190 pa + GST

    For Sale by Investment Portfolio Auction
    11am (Brisbane Time) Wednesday 10 November 2021

    *Mitchell Institute, Australian Investment in Education: Early Learning.

    AUCTION

    Auction date and time10/11/2021 11:00
    Auction location61 Miller Street, Urangan QLD

    Property Highlights

    Date Sold10 Nov 2021
    Floor Area1 m²
    Land Area2,443 m²
    ParkingAsk Agent
    Property ID2017306709
    Category
    Last updated  15 Nov 2021
    Map for 61 Miller Street Urangan QLD 4655

    Property Highlights

    Date Sold10 Nov 2021
    Floor Area1 m²
    Land Area2,443 m²
    ParkingAsk Agent
    Property ID2017306709
    Category
    Last updated  15 Nov 2021

    Co-Agents

    Natalie Couper
    Burgess Rawson VIC Pty Ltd
    Call
    0413 856 983
    Adam Thomas
    Burgess Rawson VIC Pty Ltd
    Call
    0418 998 971
    Andrew Havig
    Burgess Rawson Queensland
    Call
    0478 010 990

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