5 Central Parade, MURWILLUMBAH, NSW, 2484

+ 15 year triple net lease to Petit Early Learning Journey to 2030

+ Two further 5 year options to 2040

+ Petit Early Learning Journey: 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 and management fees

+ Purpose-built 715 sqm child care facility, licensed for 110 LDC places

+ Land Tax exempt commercial investment

+ Large 3,269sqm site with triple street frontage

+ Murwillumbah: sough-after location on the Tweed River only 16km from Cabarita Beach, Casuarina and Kingscliff

+ Northern Rivers Region: Home to 307,047 people, supporting 107,411 jobs, and with an annual economic output of $32.683 billion.

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

+ Net Income: $263,067 pa + GST

For Sale by Investment Portfolio Auction

11am (AEST) Thursday 30 September 2021

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

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