Burgess Rawson is pleased to offer to the market Cuddle Bugs Kindergarten + an adjoining residence located at 66 Boundary Street, Kepnock QLD for sale via Expressions of Interest.
This opportunity has the following key investment highlights:
+ Fifteen (15) year net lease to July 2036
+ Two (2) further ten (10) year options to November 2056
+ Cuddle Bugs Kindergarten: privately owned and operated business established in 2009
+ Fixed 2.5% annual rent increases, ensuring future income growth
+ Highly desirable net lease structure with the tenant paying 100% of the outgoings including land tax
+ Strong trading 60 LDC place childcare with planning approval to incorporate an additional 16 LDC places within the adjoining residence-built form
+ Prominent 2,702sqm* site with additional income via two fully let residential tenancies
+ Strategically positioned in a prime schooling catchment - 5 schools within a 2km of the site and an additional 6 schools within a 3km radius, which combine to service 4,260+ students
+ Conveniently located 2km* from Bundaberg's major retail & commercial amenities including national tenants, McDonald's, IGA, Aldi, Target, and Hinkler Central Shopping Centre, underpinned by Coles, Kmart, Liqourland, and 56 specialty retailers
+ Bundaberg: the 10th largest city in the state with the population north of 70,000 and a GRP of $5.07 billion
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families (1.2 million) with a child in care^^^
+ Net Income: $155,493 pa* + GST
For Sale by Expressions of Interest Closing 3:00pm AEST Thursday 21 September 2023.
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
^Australian Government - Department of Education | Child Care Subsidy Reform
