Burgess Rawson are pleased to present to the market 160-162 Hoare Street, Manunda (Cairns) QLD for sale via Investment Portfolio Auction 172.
The property has the following investment highlights:
+ Early renewal of a triple net lease to June 2029 to Goodstart Early Learning
+ Two (2) further five (5) year options to June 2039
+ Goodstart Early Learning: Australia's largest early learning provider with more than 660 centres across Australia combining to educate 60,000+ children
+ Tenant pays all usual outgoings including all maintenance (capex & structural), land tax, rates, insurances, and management fees
+ Annual reviews to the greater of CPI or 2.5% with ratchet provisions
+ High-performing & established 68 LDC place childcare centre with over $200,000 of tenant-funded works recently completed
+ Substantial 1,288sqm* main road site
+ Strategic location in an undersupplied childcare catchment, with a ratio of 3.8 children per LDC place
+ Prominently positioned directly across from both St Francis Xavier's School & Cairns West State School servicing a combined 950+ students*
+ Centrally located within a strong schooling catchment with 17 schools within a 3km radius, which combine to service 5,990+ students*
+ Situated 400m* from Raintree Shopping Centre & within 2km* of both Earlville Shopping Centre & DFO Cairns, anchored by national retailers Woolworths, Coles, Target, Big W and supported by numerous specialty retailers
+ Cairns: gateway to Australia's Great Barrier Reef, with an economic output of $10.25 billion and supporting 87,392 local residents
+ Net Income: $175,026 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
