SOLD

213-217 Stuart Drive, Wulguru, QLD 4811

Secure Triple Net Lease Childcare Investment | Leased to Experienced QLD Provider

+ Sought-after Triple Net Lease to Guppy’s Early Learning to 2033
+ Two further five year options to 2043
+ Guppy’s Early Learning: highly experienced early education provider with a network of 15 centres across Queensland
+ Triple Net Lease - tenant pays 100% of all outgoings including all maintenance (both capital and structural) insurances, management fees, rates and multiple holding land tax
+ Purpose-built 74 LDC place centre with recent capital upgrade
+ Minimum 2.5% annual rent increases plus ratchet provisions at the commencement of each further term, thereby ensuring rental growth
+ Prominent 2,468 sqm main road corner site, metres from Wulguru State School and only 650 metres from Woolworths & Coles anchored Fairfield Shopping Centre
+ Townsville: the ‘Capital’ of Far North Qld, a thriving economy with a Gross Regional Product of $11.74B
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019/20 financial year
+ Net Income: $148,732 pa + GST (Dec 2020)

For Sale by Investment Portfolio Auction
11:00am (AEDT) Wednesday 28 October