18 Andrews Street Cannon Hill QLD 4170

Burgess Rawson is pleased to offer to the market Edge Early Learning Cannon Hill located at 18 Andrews Street, Cannon Hill QLD for sale via our Investment Auction Portfolio 171.

This opportunity has the following key investment highlights:

+ Fifteen (15) year net lease to November 2035
+ Two (2) further ten (10) year options to November 2055
+ Edge Early Learning: premium early education provider operating a network of 64 centres throughout QLD, SA & ACT
+ Fixed annual 3% rent increases with ratchet provisions at market review, ensuring rental growth
+ Tenant is responsible for all outgoings including land tax and management fees
+ Stunning 765sqm* childcare facility across two levels, licensed for 115 LDC places with basement carparking for 23 vehicles
+ Newly constructed in 2020, offering depreciation benefits
+ Strategically located 1,518sqm* inner-city landholding only 6km* from Brisbane CBD with strong intrinsic land value
+ Sought-after 'Medium Density Residential' zoning, allowing for a multitude of future residential development outcomes that can cater up to five (5) storeys (STCA)
+ Prominently positioned within an important schooling precinct, situated within immediate proximity of Cannon Hill State School (360m*), Saint Oliver Plunkett School (510m*) & an additional five (5) schools within a 2km* radius, which combine to service 7,635* full time students
+ Centrally located in a prized retail precinct, with six major shopping centres within a 3km* radius including Homemaker City Cannon Hill & Morningside Central Shopping Centre, featuring national retailers Bunnings, Kmart, ALDI, Coles, Woolworths & Guzman Y Gomez
+ Brisbane City: the third largest city in Australia, with a population forecast to grow by 230% to 4.2 million residents by 2050
+ Net Income: $472,432 pa* + GST (as at 23 November 2024)

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 19 September 2024
The Hilton, Brisbane

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

*Approx.