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Entry-Level Childcare Investment

168 South Street, TOOWOOMBA QLD, 4350

Sold

Property Sold in 168 South Street, TOOWOOMBA QLD, 4350

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11251406
Status:
Sold
Price:
Price on Request
Last Updated:
22/07/2019
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Property Type

Medical/Consulting/Offices/Retail
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Land Area

1449 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

Entry-Level Childcare Investment

Secure 15 year lease to G8 Education Limited 2030
Two further 5 year options to 2040
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.7 billion
Fixed 4% annual rental increases plus 'ratchet' provisions at market review ensuring guaranteed rental growth
Well-maintained facility, licensed for 54 LDC places
Tenant pays all usual outgoings including management fees
Strategic 1,449 sqm corner site metres from St Thomas Primary School and only 1.5km from the Toowoomba CBD
Toowoomba: located 125km west from the Brisbane CBD and the commercial centre of the Darling Downs Region, servicing a trade catchment of circa 120,000 people
Net income: $108,520 pa + GST

Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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