48-52 Redlynch Intake Road Redlynch QLD 4870

Burgess Rawson is pleased to offer to the market 48-52 Redlynch Intake Road, Redlynch (Cairns), QLD for sale via our Investment Portfolio Auction 163.

This opportunity has the following key investment highlights:

+New 15-year net lease to Sanctuary Early Learning to 2037.
+Three further 10-year options to 2067.
+Sanctuary Early Learning: experienced and successful operator with four QLD locations.
+Strong trading business with 90+% occupancy.
+Desirable 3% annual rent increases, plus ratchet provisions at market reviews, ensuring rent cannot reduce.
+Tenant pays all outgoings including land tax and management fees.
+Impressive 100 LDC place centre and winner of the 2023 Master Builders Award "Best Educational Facility".
+New construction with significant depreciation benefits.
+Situated within a significant education precinct- 6 schools within a 2.5km radius educating 5,500+ students.**
+Strategic 3,042sqm* site positioned only 600 metres from the Coles anchored Redlynch Shopping Centre and within metres of the Cairns Western Arterial providing direct access to the Cairns CBD (8.2km)
+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 of 172,272* people.***
+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 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform taking effect from July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.****
+Net Income: $330,000* pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 14 September 2023
The Hilton, Brisbane

Please contact the exclusively appointed team for more information:

*approx
**Gap Maps
***Economy.id
****Australian Government - Department of Education | Child Care Subsidy Reform