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55 Fortune Esplanade, CABOOLTURE SOUTH, QLD, 4510

+7 Photos

+9 Photos

SOLD

55 Fortune Esplanade, CABOOLTURE SOUTH, QLD, 4510

Properties / Sold / Queensland / Caboolture South

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,190 m² (*approx)

Floor Area

1 m² (*approx)

Property Type

Retail, Child/Healthcare, Other

Sub-type

Child Care, Mixed Use

Show All

2. Property Highlights

Affordable Childcare Investment | 15 Year Lease + Options to 2055

Attractive 3% rent increases
Tenant pays all outgoing inc land tax
Prominent 1,190 sqm site

+ New 15 year net lease to 2036

+ Two further 10 year options to 2056

+ Operated by The Scholars Group, a leading boutique childcare provider with a network of 22 centres

+ Attractive 3% annual rent increases

+ Tenant pays all outgoings, including land tax

+ Recently refurbished purpose built facility with service approval for 55 LDC places

+ Prominent 1,190 sqm corner site, 650 metres from Morayfield’s commercial service centre

+ Moreton Bay Region: one of the fastest growing urban areas in Australia

+ 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: $96,000 pa + GST

For Sale by Investment Portfolio Auction

11am (AEST) Wednesday 29 September 2021

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

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