Triple Net Lease to Australia’s Largest Childcare Provider

160-162 Hoare Street, Manunda QLD

Property Highlights

Triple Net lease to 2029
Min 2.5% annual rent increases
Goodstart: 649 centres nationally
Register to Bid

Description

+ Renewed Triple Net Lease to Goodstart Early Learning to 2029
+ Goodstart Early Learning: Australia’s largest early education provider with 649 centres nationally
+ Triple Net Lease: Tenant pays 100% of outgoings including: all maintenance (both capital and structural), land tax, rates, management fees and insurance
+ Minimum 2.5% annual rent increases with market reviews at the commencement of each further term
+ Long established child care facility, licensed for 68 LDC places
+ Prominent 1,288 sqm main road site adjacent to Cairns West State School and only 400 metres from Raintrees Shopping Centre underpinned by Woolworths & 44 specialty stores
+ Cairns: Gateway to Australia’s Great Barrier Reef, with an economic output of $10.25 billion and supporting 87,392 local residence.
+ 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 of $10.5 billion in the 2019/20 financial year
+ Net Income: $155,773 pa + GST and Outgoings (June 2021)

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)
Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,288 SQM
Building Area
1 SQM

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