Cubby Care Mooroobool, 100 Callum Street, Mooroobool, Qld 4870

Kelly & Co Property is pleased to present to market Cubby Care Mooroobool, a thriving ASX-Listed childcare in suburban Cairns.

100 Callum Street operates as Cubby Care, one of several brands owned and operated by ASX-listed Embark Education (ASX: EVO) formerly Evole Education. 

Located 5.5km from Cairns CBD, this childcare provides an entry-level investment opportunity with a highly favourable triple net lease structure.

Leased to Embark Education on a 17-year lease to 2033 plus 2 x 5-year options, this property has long-term security.

The centre is located in a highly populated suburban area and is a well-configured facility licensed for 67 LDC places. 

All outgoings including land tax, property management fees, structural repairs and maintenance are 100% recoverable from the tenant. 

INVESTMENT HIGHLIGHTS
- 17-year lease to 2033 plus 2 x 5-year options to 2043
- Triple net lease with tenant paying all outgoing including land tax, property management, structural repairs and maintenance 
- Greater of CPI or 3% annual rent increases
- Net Income $165,680pa + GST 
- Lease is secured by a six month Bank Guarantee & parent company guarantee
- Substantial 1,390 sqm site
- Conveniently located 5.5km from Cairns CBD in an established residential area
- Embark Education (ASX: EVO, formerly Evolve Education) has 38 centres across Queensland and Victoria
- Cairns - Gateway to Far North Queensland with more than 175,400 permanent residents


Please contact exclusive agent Sarah Broad from Kelly & Co Property for further information.