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Play & Learn, The Gap, 10-14 Payne Road
The Gap QLD 4061
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Sold on 12 Jul 2022

Play & Learn, The Gap, 10-14 Payne Road The Gap QLD 4061

  • Medical / Consulting
  • 1,916 m²
  • Sold, $7,900,000

Sold - Strong Performing Metro Brisbane Childcare Investment - 20 Year Net Lease

  • Secure 20 year net lease to 2040
  • Fixed 3% annual rent increases
  • Strong trading centre - high occupancy

Stonebridge National Investment Sales is pleased to present to the market Play & Learn Childcare, The Gap, for sale via Immediate Offers to Purchase.

The asset has the following key investment features:

- Secure 20 year net lease to 2039 + options to 2059
- Play & Learn 10 centres throughout Brisbane and growing longstanding, well regarded operators with 30+ year history
- Prominent 1,916 sqm* site zoned 'District Centre' allowing for a multitude of future alternate uses, adjoining convenience centre
- Prime exposure and access to Waterworks Road (26,818 vehicles daily*), a major arterial providing direct vehicular access to the CBD
- Conveniently located for parents with 6 schools within 3 kms*
- Near Coles, Aldi & McDonalds anchored Gap Village Shopping Centre
- Modern and impressive facility (constructed 2019) built across - 2 levels plus basement car parking for 26 vehicles*
- Established facility exhibiting high occupancy levels
- The Gap popular, family friendly suburb only 6 km* to Brisbane CBD
- Tenant pays all outgoings including Land Tax & Management Fees
- Lease secured by 3 month Bank Guarantee and Director's Personal Guarantees
- Fixed 3% annual rent increases
- Net Income $382,454 pa* + GST

*Approximate

Please contact the exclusively appointed Stonebridge property professionals for more information.

Property Highlights

Date Sold12 Jul 2022
Sold Price$7,900,000
Floor AreaAsk Agent
Land Area1,916 m²
Parking26 x Onsite parkings
Building TypeWhole building
Property ID2017852954
Category
Last updated  13 Nov 2023
Map for Play & Learn, The Gap, 10-14 Payne Road The Gap QLD 4061

Property Highlights

Date Sold12 Jul 2022
Sold Price$7,900,000
Floor AreaAsk Agent
Land Area1,916 m²
Parking26 x Onsite parkings
Building TypeWhole building
Property ID2017852954
Category
Last updated  13 Nov 2023

Co-Agents

Michael Collins
Stonebridge Property Group Pty Ltd
Call
0404 023 204
Tom Moreland
Stonebridge Property Group Pty Ltd
Call
0408 072 822

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