Burgess Rawson is pleased to present to the market this multi-tenanted childcare & retail investment opportunity located at 328 Fulham Road, Heatley (Townsville) QLD For sale via our Investment Auction Portfolio 171.
The property has the following investment highlights:
+ Rare opportunity to purchase a mixed-use childcare and retail investment anchored by Australia's leading early education provider Goodstart Early Learning
+ Fifteen (15) year net lease to Goodstart Early Learning to 2030 plus two (2) further ten (10) year options to 2050
+ Goodstart Early Learning: Australia's largest early learning provider with more than 660 centres across Australia combining to educate 60,000+ children
+ High-performing & established 86 LDC place childcare centre
+ Landlord-favourable 5.18 year WALE*, supported by a diverse and complimentary tenancy mix including locally renowned convenience retail & food & beverage operators
+ Strong tenant retention with near 90% occupancy on-site
+ Mixture of fixed 4% and CPI reviews with ratchet provisions across the entire centre, ensuring future rental growth
+ Substantial 5,033sqm* landholding with triple street frontage and 46 on-site car spaces
+ Strategically positioned within proximity to Townsville's major commercial precincts including Domain Homemaker Centre & Willow Shopping Centre, featuring numerous national retailers and specialty tenants
+ Townsville: the commercial hub of Northern Australia with a population forecast to grow by 52% to 306,053 residents by 2046 and $27 billion in infrastructure projects underway
+ Net Income: $391,203 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 19 September 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
