77-83 Timberlea Drive Bentley Park QLD 4869

+ 15 year net lease to Sanctuary Early Learning to 2034.
+ Three further 5 year options to 2049.
+ Sanctuary Early Learning: premium early educational provider with five centres across Queensland.
+ Attractive 4% annual rent increases + ratchet provisions at market review, guaranteeing rental growth.
+ Tenant pays all outgoings including single holding land tax.
+ Impressive 830 sqm child care facility, licensed for 140 LDC places.
+ Significant depreciation benefits.
+ Large 4,025 sqm corner site, 1.2 kilometres from Isabella State School and 1.8 kilometres from the Coles-anchored Edmonton Shopping Centre.
+ Evolving growth corridor located 9 kilometres south of the Cairns CBD.
+ Cairns: Gateway to Australia's Great Barrier Reef, with an economic output of $10.25 billion and Australia's 5th largest regional city with a rapidly growing population of 168,449 people.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $378,560 pa + GST.

For Sale by Investment Portfolio Auction
11am (AEST) Wednesday 29 September 2021

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