Brandon Johnson, your exclusive agent from Coastal Commercial proudly presents 9/1 Nerang Street, Nerang. Offering you a high returning asset, with a proven Childcare operator. The tenants are currently conducting improvements to the property, including a large fit out. This is an opportunity not to be missed.
Features:
• Brand new 10 year lease which commenced on 25 March 2024
• Current net income of $225,000 (Plus all outgoings)
• CPI increases capped at 3% annually
• 3 month bank guarantee
• Leased to proven operator 'Kia Ora Kids Early Learning Centre'
• Large catchment area
• Located directly opposite from Nerang State School
• Modern state of the art child care facility
Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes, heavily supported by Federal and State government funding. In 2023-2024, the Federal Government contributed over $11.6 billion in funding for early childhood education, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in 2023. This reform aims to make early education and care more affordable for around 1.3 million families nationwide.
The sellers are extremely motivated and will entertain all cash unconditional offers prior to Auction. If not sold prior, the property will be sold via Public Auction 11:00am on Wednesday the 24th of July at Coastal Commercial office. Level 1/16 Queensland Avenue, Broadbeach QLD 4218.
* Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective purchases should make their own enquiries to verify the information contained herein.
