Burgess Rawson is pleased to offer to the market 2-14 Glen Road, Logan Reserve QLD for sale via Expressions of Interest closing Wednesday 14 February 2024 at 3pm AEST (if not sold prior).
This opportunity has the following key investment highlights:
+ Brand new twenty (20) year net lease to 2044
+ Three (3) further ten (10) year options to 2074
+ Believe Early Education: privately-owned early education provider under management by highly experienced childcare operator
+ Fixed annual 3% rent increases with ratchet provisions at market review ensuring future income growth
+ Tenant pays all outgoings including land tax
+ Brand new childcare facility approved for 140 LDC places, offering outstanding depreciation benefits of $321,000 in the first year (59% of first year's net rent)
+ State-of-the-art 1,208sqm* single-storey centre with 58 designated on-site car spaces and 113m* of direct street frontage to Glen Road
+ Substantial 5,209sqm* landholding prominently positioned within 350m* of Logan Reserve State School (590+ enrolments) and a 3.5km* radius of an additional 5 schools servicing 7,131* students
+ Strategically located 35km* south of Brisbane CBD within a significant residential growth corridor, with an additional 70,000* new dwellings forecast for Logan City by 2031
+ Unmatched site positioning directly adjacent the Sequana Residential Masterplan, with 242 brand new residential dwellings catering to a population of over 1000* new residents
+ Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion* committed in future capital works projects
+ Net Income: $540,000 pa* + GST
For sale via Expressions of Interest closing Wednesday 14 February 2024 at 3pm AEST (if not sold prior).
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
