This opportunity has the following key investment highlights:
+ 15-year net lease to 2039
+ Two further ten-year options to 2059
+ Edge Early Learning: premium early education provider operating a network of 64 centres throughout QLD, SA & ACT
+ Fixed 3% annual rent increases, ensuring consistent rental growth
+ Tenant pays all outgoings including land tax
+ Brand new construction offering significant depreciation benefits
+ Impressive 1,047sqm* facility, licensed for 99 LDC places, with 27 car spaces on title
+ Ideally positioned only 270 metres* of Isabella Primary School plus a further five schools within a 2km radius
+ Strategic high profile 3,873sqm* corner site directly opposite Sugarworld Shopping Centre underpinned by Coles and multiple specialty stores and within metres of Edmonton Leisure Centre, and Cairns Southern Urgent Care.
+Cairns: gateway to Australia's Great Barrier Reef, economic output of $10.22 billion and Australia's 5th largest regional city with a rapidly growing population forecast to exceed 265,000 by 2050*
+ 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 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^.
+ Net Income: $339,966 pa* + GST
For Sale by Expressions of Interest Closing 3:00 PM AEST, Thursday 26 September 2024.
For further information, please contact the exclusively appointed agents:
Natalie Couper
0413 856 983
Neville Smith
0400 068 205
Adam Thomas
0418 998 971
*Approx.
^Australian Government Department of Education
