Established Childcare in Booming Locale | Net Lease to ASX Listed Provider
Burgess Rawson is pleased to offer to the market Great Beginnings Early Education Centre located at 51 Dixon Drive, Pimpama (Gold Coast) QLD for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ Ten (10) year net lease to December 2026
+ Two (2) further ten (10) year options to 2046
+ G8 Education Ltd (ASX: GEM): Australia's largest ASX-listed childcare provider, educating more than 46,000 children daily across 430+ locations
+ Fixed 3% annual rent increases, ensuring future income growth
+ Tenant pays all outgoings including land tax
+ Expansive 1,003sqm* purpose-built childcare centre licensed for 125 LDC places and with parking for 41 cars
+ Substantial 3,093sqm* site strategically located within a significant schooling catchment including 550m* from Pimpama State Primary School, 600m* from Pimpama State Secondary College and a further 8 other schools within a 3.5km radius
+ Conveniently positioned metres from Pimpama Junction, anchored by Woolworths, BWS & supported by 20 specialties
+ Situated within a well-established master-planned community only 500m* from numerous multi-national tenants including McDonald's, Red Rooster, Carl's Jr., 7-Eleven & Bridgestone
+ Pimpama: a rapidly expanding residential corridor with the population forecast to grow at an average annual growth rate of 22.3%^
+ Gold Coast: one of Australia's fastest growing cities with current population of 620,518 and forecast to grow to over 1,000,000 by 2050^^
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families (1.2 million) with a child in care^^^
+ Net Income: $308,424 pa* + GST
For Sale via Offers to Purchase
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
^ Gap Maps
^ ^ Gold Coast City Council
^^^Australian Government - Department of Education | Child Care Subsidy Reform
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