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  5. Triple Net Lease to Australia's Largest Childcare Provider

47 Riversdale Road, OXENFORD QLD, 4210

Sold
https://dduaaywsz-res-3.cloudinary.com/image/upload/v1590721305/buuymyeikdygcipq42c1.jpg

Property Sold in 47 Riversdale Road, OXENFORD QLD, 4210

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11293681
Status:
Sold
Last Updated:
29/05/2020
Price:
Price on Request
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Property Type

Medical/Consulting/Retail/Other
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Land Area

4447 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

Triple Net Lease to Australia's Largest Childcare Provider

Renewed lease to Goodstart to Dec 2024 plus one further 5 year option
Goodstart Early Learning: Australia’s largest childcare provider, with an annual revenue of $900m+ and educating more than 71,500 children across their 649 centres nation-wide
Annual rent reviews plus ‘ratchet’ provisions, ensuring rent cannot reduce
Desirable triple net lease terms with the tenant responsible for all usual expenditure on outgoings, including: insurance, maintenance and repairs (including structural)
Two purpose-built freestanding child care facilities licensed for 150 LDC places
Substantial 4,447 sqm corner site opposite Oxenford State School and only 1km from Oxenford’s commercial centre – tenants include: ALDI, Woolworths, Bunnings and K-Mart
Net Income: $256,985 pa + GST and Outgoings

Auction 11am AEST Wednesday 9 May 2018
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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