382 Tufnell Road, BANYO, QLD, 4014

+ Brand new 15 year net lease to Journey Early Learning to 2036

+ Two further 10 year options to 2056

+ Journey Early Learning: one of Australia’s leading early education providers, with a network of 37 centres across the eastern seaboard

+ Attractive 3% annual rent increases

+ Tenant pays 100% of outgoings, including land tax

+ As new 365sqm child care facility with service approval for 61 LDC places

+ Large 1,214 sqm landholding with 13 on-site car spaces

+ Significant depreciation benefits

+ Strategic location only 400m from Earnshaw College (P-12) and 850m from the Woolworths-anchored Banyo Retail Centre

+ 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: $218,358 pa + GST

For Sale by Investment Portfolio Auction

11:00am (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