Burgess Rawson is delighted to offer to the market, 261 Haly Street, Kingaroy QLD for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ New 15 year net lease to Kingaroy Child Care Centre to 2038
+ Two further 10 year options to 2058
+ Kingaroy Child Care Centre: a highly successful, family-owned boutique childcare provider with over 30 years of industry experience, with a growing network of 21 centres, each location is designed with a community-minded focus, catering specifically to the needs of the local community
+ Attractive fixed 3% annual rent increases
+ Tenant pays all outgoings including single holding land tax
+ Well-established, successful centre in operation since 2010, licensed for 74 LDC places with the tenant increasing the LDC to 91 places (Subject to approval)
+ High-performing centre with 100% occupancy
+ The property is currently pending $500,000 in tenant-funded playscape upgrades
+ Expansive 4,047sqm* site located within a prominent educational precinct, featuring five schools in close proximity
+ Located within 750m* of Kingaroy's key retail precinct, underpinned by a variety of national retailers and essential services, including McDonald's, Hungry Jack's, Supercheap Auto and the Coles anchored Kingaroy Shopping Centre
+ Kingaroy: known as the "Peanut Capital" of Australia, is home to the largest peanut processing plant in the country and serves as the commercial heart of the South Burnett region, with a retail catchment of over 45,000 people**
+ Childcare/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***
+ The 2024-25 Federal Budget has paved the way for positive change and reform in the childcare sector. In addition to this increase in award wages for childcare educators, $650 million will be allocated to workforce qualification and training in the childcare sector over the next four years to further enhance the quality of education and support the future of Australian children***
+ Net Income: $341,250pa* + GST
For Sale via Offers to Purchase.
Please contact the exclusively appointed team for more information.
*Approx
**South Burnett Tourism
*** Australian Government Department of Education
