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.