Burgess Rawson are pleased to present Dutton Park Chatterbox Childcare & Early Learning located at 23 Tillot Street, Dutton Park QLD for sale via Investment Portfolio Auction 168.
This opportunity has the following key investment highlights:
+ Brand new fifteen (15) year net lease to 2039
+ Two (2) further ten (10) year options to 2059
+ Chatterbox Early Learning: privately owned & operated early education provider with a renowned reputation and a network of 9 centres
+ Annual rent increases to the greater of CPI or 3% with ratchet provisions at market review, ensuring the rent cannot reduce
+ Tenant pays all outgoings including land tax and management fees
+ Strong trading business currently operating at 90%+ occupancy
+ Newly constructed in 2022, offering outstanding depreciation benefits of $124,500 of the current years rent (46% of net rent*)
+ State-of-the-art 866sqm* double-story childcare facility licensed for 59 LDC places with 11 designated on-site car spaces
+ Well-positioned 1,071sqm* inner-city landholding located only 2km* from Brisbane CBD with strong intrinsic land value
+ Strategically positioned in a prized schooling catchment - within 300m* of Dutton Park State School (310+ enrolments) & a further 21 schools within a 3km* radius of the centre, combining to service 8,338 students*
+ Centrally located between two of Brisbane's major health precincts - Mater Hospital Precinct (600m*) & Princess Alexandra Hospital Precinct (1.2km*)
+ Unrivalled location within a premier retail catchment - 14 neighbourhood centres within a 3km* radius including major centre's West Village, South/City Square, Buranda Village & Coorparoo Square, underpinned by national tenants Coles, Woolworths, ALDI, Target, Harris Farm Markets & numerous specialty stores
+ 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: $260,190 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 16 May 2024
The Hilton, Brisbane
Bidder registration required, register at portfolioauctions.com.au
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
