Goodstart, 149 Somerset Drive, Mudgeeraba, Qld 4213

Stonebridge is pleased to present Goodstart Mudgeeraba (Gold Coast) for sale via National Portfolio Auction on Wednesday 4 September at 1pm (AEST).

The asset has the following key investment features:

   -  Secure 15 year triple net lease to 2035 + options to 2055 with fixed 3% annual rent increases

   -  Goodstart Early Learning – Australia’s largest early learning provider across 654+ locations, 2023 revenue of $1.3Bn*

   -  Significant 2,861 sqm* corner site with 128 metres* of sweeping frontage to Clover Hill Drive and 8 on-site car parks

   -  58 place childcare facility adjacent Clover Hill Primary School (898+ students) and directly opposite prestigious Somerset College (1,623+ students)

   -  Well below market rent providing opportunity for income uplift

   -  Ideal childcare location situated in a high density residential catchment and within 3km* of 12 surrounding schools

   -  Convenient position only 910m* from Pacific Motorway M1 accommodating 105,637+ vehicles daily, providing access to Burleigh Heads and Surfers Paradise

   -  Only 3 minutes’ drive to key Robina retail hub accommodating Bunnings, Myer, David Jones, Kmart, Target, Big W, Woolworths, Coles, Aldi and a plethora of others

   -  Mudgeeraba – Well established Gold Coast suburb only 10 km* from Surfers Paradise

   -  Gold Coast – World famous location with current population of 590,000+ set to boom to 1 million by 2050

   -  Triple net lease – Tenant pays all outgoings including Structural Repairs & Maintenance, Land Tax, Insurance and Management Fees plus 6 month Bank Guarantee

   -  Net Income $104,186 pa* + GST

 *Approximately

‘Goodstart Mudgeeraba (Gold Coast)’ is for sale via National Portfolio Auction on Wednesday 4 September at 1pm (AEST).

Please contact the exclusively appointed Stonebridge property professionals for more information.

Property Code: 1014