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8 Short Street
Nerang QLD 4211
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8 Short Street Nerang QLD 4211

  • Medical / Consulting
  • 1 m²
  • Sold

Secure 15 Year Triple Net Lease to 2036 | Leading National Provider

    Burgess Rawson is pleased to offer to the market, 8 Short Street, Nerang for sale via our Auction Investment Portfolio 155.

    This investment has the following key investment highlights:

    + 15 year triple net lease to Genius Childcare to 2036
    + Two further 10 year options to 2056
    + Genius Childcare: leading early education provider, with a network of 35 centres across Australia
    + Annual rent increases to the greater of 2.5% or CPI, plus 'ratchet' provisions at market reviews, ensuring rent cannot reduce
    + Tenant pays 100% of outgoings including: all maintenance (both capital and structural), land tax, rates, insurances, and management fees
    + Established child care centre licensed for 75 LDC places
    + Rated 'Exceeding' under the National Quality Standards (NQS)
    + Strategically located opposite Nerang State School (P-12) and within close proximity from Nerang State High School, St Brigid's Catholic Primary School, and Trinity + Lutheran College
    + Conveniently positioned within metres of the Pacific Motorway interchange, 850 metres from Coles-anchored Nerang Fair Shopping Centre, 950 metres from My + Centre Nerang underpinned by ALDI and Coles, and 1.20 kilometres from the Woolworths Nerang Mall
    + Gold Coast: one of Australia's fastest-growing cities with current population of 620,518 and forecast to grow to over 1,000,000 by 2050
    + 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: $270,375 pa + GST (as at October 2022)**

    For Sale by Investment Portfolio Auction
    10:30am (AEST) Friday 16 September 2022
    The Hilton - Brisbane

    Please contact the exclusively appointed Burgess Rawson team for more information.

    *Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
    **Assuming CPI of 3%

    AUCTION

    Auction date and time16/09/2022 10:30
    Auction locationThe Hilton, Brisbane

    Property Highlights

    Floor Area1 m²
    Land Area1,074 m²
    ParkingAsk Agent
    Property ID2018004712
    Category
    Last updated  19 Sep 2022
    Map for 8 Short Street Nerang QLD 4211

    Property Highlights

    Floor Area1 m²
    Land Area1,074 m²
    ParkingAsk Agent
    Property ID2018004712
    Category
    Last updated  19 Sep 2022

    Co-Agents

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

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