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18-20 Bissett Street, MARIAN, QLD, 4753
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18-20 Bissett Street, MARIAN, QLD, 4753

2. Property Highlights

Impressive Childcare Investment | 15 Year Triple Net Lease to 2030
  • 15 + 5 + 5 Year Triple Net lease
  • Min 2.5% annual rent increases
  • Tenant pays 100% of outgoings

+ Secure 15 year net lease to Petit Early Learning to 2030

+ Two further 5 year options to 2040

+ Petit Early Learning: highly experienced and successful early education provider with 17 centres across the eastern seaboard

+ Minimum 2.5% annual rent increases plus ratchet provisions at market review, ensuring rental growth

+ Tenant pays 100% of outgoings including all maintenance (both capital and structural), rates, insurance, land tax, and management fees

+ Purpose-built 753 sqm child care facility, licensed for 104 LDC places

+ Strategic 2,500 sqm landholding centrally located within the Woolworths - anchored Marian Town Centre

+ Mackay: a vibrant and diverse commercial hub and one of Queensland’s fastest growing coastal regions, home to over 117,000 residents

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*

+ Net Income: $268,869 pa + GST

For Sale by Investment Portfolio Auction

11am (Brisbane Time) Wednesday 10 November 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

Remember to mention you found this property on CommercialReady.com.au

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Natalie Couper
Natalie Couper
+61 *** *** *** show +61 413 856 983
Adam Thomas
Adam Thomas
+61 *** *** *** show +61 418 998 971
Andrew Havig
Andrew Havig
+61 *** *** *** show +61 478 010 990

3. Property Location

18-20 Bissett Street, MARIAN, QLD, 4753

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4. Due Diligence

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18-20 Bissett Street, MARIAN, QLD, 4753 Marian
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