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Childcare Investment Opportunity

Childcare Investment Opportunity
Price $1,950,000

Details

Price $1,950,000
Location Gulliver QLD
Categories Education/Training
Date Listed 5th November, 2019
Listing ID 6748

Description

Childcare Investment Opportunity

This opportunity presents as a very Strong investment to a prime top 300 ASX listed national tenant – G8 Child Care Group. HUGE FUTURE UPSIDE - current rental is currently $1333 PER PLACE and at the 2022 market review the rent will be matched to surrounding centres and should be increased a minimum of 10% or to $110,016. Prime location – Secures future tenants in a booming Townsville – this is benefiting from the mining boom while being underpinned by the federal Government’s decision to close Holdsworthy army base in Sydney and doubling the size of Lavarack barrack in Townsville = VERY Strong demographics and catchment.

TENANT NAME: G8 – ASX publicly listed company
LICENCE: 75 Place
LAYOUT: 5 Rooms

LAND SIZE: 1937m²
PARKING: 20
BUILDING SERVICES: Full air con and fire extinguished
OCCUPANCY: 80-85%
RENT P.A: $100,015.44 PA NET
LEASE TERM: 5 years – commenced Nov 2017 – Expires Nov 2022
OPTION: 3 x 5 years
REVIEWS: CPI
OUTGOINGS: Paid By the tenant Estimated at $2200/mth paid to advance
SALE PRICE: $1,950,000 Neg
RETURN: 5.13% net return pa