Under Contract - Renewed 12 Year Lease - QLD's Fastest Growing Corridor
Renewed 12 Year Net Lease + Options
Fixed 3% Annual Rent Increases
Net Income $237,641 pa + GST
Cushman & Wakefield's National Investment Sales team is pleased to present to the market 80 Thornton Street, Raceview for Sale via Offers to Purchase.
The property has the following key characteristics:
- Renewed 12 year net lease to 2031 + options to 2051 - Expeditions Early Learning Journey - Established national childcare provider across 7 strong performing locations in QLD & VIC offering a proven and innovative education experience - Expansive purpose-built facility having undergone circa $300,000 capex enhancements and upgrades, licensed for 118 places - Well positioned closeby to 9 schools within a 3 km radius, totaling 4,100+ students - Strategic growth location with 350+ new townhouses being delivered in the immediate precinct - Raceview - 30 km west of Brisbane CBD and part of rapidly expanding Ipswich, QLD's fastest growing municipality with 151% population growth forecast to reach 555,000+ residents by 2041 - Lease secured by Director's Personal Guarantees and Bank Guarantee equivalent to 3 months' rent - Fixed 3% annual rent increases - Net Income $237,641 pa + GST
For more information please contact the exclusive property professionals at Cushman & Wakefield.
