80 Thornton Street Raceview QLD 4305

QCommercial Properties in conjunction with RE/MAX U Is proud to exclusively present to the market a large 118 place childcare centre situated on 2,320m2* of land with a 3-street frontage tenanted by Expeditions Early Learning Group located at 80 Thornton Street, Raceview.

This expansive, purpose-built childcare center has undergone renovations with approximately $300,000 invested in improvements and upgrades. Strategically located within a 3km radius of nine schools and numerous residential developments, this center offers incoming investors a promising opportunity.

Raceview is 30km* West of Brisbane CBD, a rapidly growing suburb of Ipswich, one of Queensland's fastest-growing cities, forecasted to reach over 550,000 residents by 2041.

- Modern contemporary purpose built single level childcare centre
- Licensed 118 place childcare centre
- Net Income - $289,470* (as of 1/8/2024)
- Long lease to 2031 + Options to 2051
- Outgoings 100% recoverable including land tax and management fees
- Land area 2,310m2*
- Car parks 14
- Frontage 3 x Street Frontage (Thornton St, Pioneer Dr, Zoe Ct)
- Expeditions Early Learning centres have 5 x locations across Queensland and Victoria demonstrating a proven track record and education experience.
- Strategically positioned close to 9 schools within a 3km* radius
- Huge growth precinct/corridor with many homes and townhouses being built in the immediate vicinity
- EOI campaign closing on the 15th of August 2024 (4PM)

*Approximate

Please call exclusive marketing agent Deepen Khagram to obtain a copy of the information memorandum.