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Affordable Childcare Investment | Triple Net Lease to National Tenant

57 Yvette Street, Kelso QLD

Property Highlights

15 yr Triple Net lease + opts to 2038
Affinity: 150+ centres nationally
Minimum 2.5% annual rent increases
Register to Bid

Description

+ 15 year Triple Net Lease to Affinity Education to 2028
+ Two further 5 year options to 2038
+ Affinity Education: operates a network of 150+ learning centres throughout Australia
+ 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 plus ratchet provisions at the commencement of each further term, ensuring rental growth
+ Long established child care facility with recent capital upgrade, accommodating 75 LDC places
+ Strategic position 100 metres from Kelso State School (P-6) and only 15 kilometres south from Townsville CBD
+ Townsville: the ‘Capital’ of Far North Qld, a thriving economy with a Gross Regional Product of $11.74 billion
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector in the 2019/20 financial year
+ Net Income: $148,732 pa + GST and outgoings

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

Also available for sale within the portfolio:
14 Duncombe Grove, Quinns Rocks WA
https://bit.ly/3q4HtTb

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,403 SQM
Building Area
539 SQM

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