This opportunity has the following key investment highlights: + 15-year net lease to 2039 + Two further ten-year options to 2059 + Edge Early Learning: premium early education provider operating a network of 64 centres throughout QLD, SA & ACT + Fixed 3% annual rent increases, ensuring consistent rental growth + Tenant pays all outgoings including land tax + Brand new construction offering significant depreciation benefits + Impressive 1,047sqm* facility, licensed for 99 LDC places, with 27 car spaces on title + Ideally positioned only 270 metres* of Isabella Primary School plus a further five schools within a 2km radius + Strategic high profile 3,873sqm* corner site directly opposite Sugarworld Shopping Centre underpinned by Coles and multiple specialty stores and within metres of Edmonton Leisure Centre, and Cairns Southern Urgent Care. +Cairns: gateway to Australia’s Great Barrier Reef, economic output of $10.22 billion and Australia’s 5th largest regional city with a rapidly growing population forecast to exceed 265,000 by 2050* + Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^. + Net Income: $339,966 pa* + GST For Sale by Expressions of Interest Closing 3:00 PM AEST, Thursday 26 September 2024. For further information, please contact the exclusively appointed agents: Natalie Couper 0413 856 983 Neville Smith 0400 068 205 Adam Thomas 0418 998 971 *Approx. ^Australian Government Department of Education
Burgess Rawson Townsville - TOWNSVILLE CITY
Ground Floor, 61-73 Sturt Street, Townsville-City, Qld
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
Burgess Rawson - Brisbane
Level 13, 241 Adelaide Street, Brisbane-City, Qld
Immobilie ID: 504671572