16-18 Magnolia Street Kawungan QLD 4655

Burgess Rawson is pleased to offer to the market Bayside Early Learners located at 16-18 Magnolia Street, Kawungan (Hervey Bay) for sale via our Investment Portfolio Auction 161.

This opportunity has the following key investment highlights:

+ Ten (10) year net lease to Bayside Early Learners to 2028
+ Two (2) further five (5) year options to 2038
+ Bayside Early Learners: established privately operated business with extensive waitlist
+ Landlord favourable fixed 3% annual rent increases
+ Tenant pays outgoings as per lease
+ Impeccably well-maintained 80 LDC place childcare centre rated 'Exceeding' under the National Quality Framework (NQF)
+ Substantial 2,400sqm* corner site located within close proximity to major amenities including 2.5km* from Hervey Bay Airport, 3km* from Hervey Bay Hospital & 2km* from Stockland Shopping Centre & Pialba Shopping Centre - anchored by national tenants Kmart, Coles, Big W, JB Hi-Fi & supported by 123 specialty retailers
+ Strategically positioned within a premier schooling catchment including 500m* from Kawungan State School (922 enrolments) & 8 schools within a 3.5km radius servicing 6,400* full-time students
+ Hervey Bay region: thriving regional city in South-East Queensland with the population forecast to grow 25% by 2041^
+ 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 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform taking effect from July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^
+ Income: $149,813 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 22 June 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson childcare team for more information.

*Approx.
^ Economy.id
^^ Australian Government - Department of Education | Child Care Subsidy Reform