Long Established Childcare Investment | Desirable 3.5% Annual Rent Increases

855 Ruthven Street, Toowoomba QLD

Property Highlights

25 Year Net Lease to 2031
3.5% annual rent increases
3,007 sqm main road site
Register to Bid

Description

+ Secure 25 year lease to 2031
+ Genius: highly experienced early education provider with a network of 29 centres nationally
+ Tenant pays all usual outgoings
+ Desirable 3.5% annual rent increases
+ Recently refurbished child care facility with service approval for 130 LDC places
+ Substantial 3,007sqm main road site with 22,000+ vehicles passing daily
+ Strategically positioned metres from two major shopping centres including the Coles/Kmart-anchored Toowoomba Plaza, and The Ridge shopping world underpinned by Woolworths, and within close proximity to numerous national retailers including Harvey Norman, The Good Guys, Spotlight and Anaconda
+ Toowoomba: commercial capital of the Darling Downs Region, located 125km west from the Brisbane CBD and with a trade catchment of circa 160,000 residents
+ 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 to the sector in the 2019/20 financial year
+ Net Income: $298,032 pa + GST

For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,007 SQM
Building Area
1 SQM

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