Childcare Investment Leased to ASX Listed Operator | New 15 Year Triple Net Lease to 2038 + Options
Burgess Rawson is pleased to offer to the market Mayfield Early Learning Centre located at 7-11 Cairns Road, Gordonvale (Cairns) QLD for sale via our Investment Portfolio Auction 160.
This opportunity has the following key investment highlights:
+ New fifteen (15) year triple net lease to Mayfield Childcare to 2038
+ Two (2) further ten (10) year options to 2058
+ Mayfield Childcare (ASX: MFD): ASX listed early education provider educating 3,000+ children per day across 35 centres nationally^
+ Fixed 3% annual rent increases.
+ Tenant pays 100% of outgoings including: all maintenance (capex & structural), rates, insurances, land tax and management fees
+ Strong trading 75 LDC place centre recently acquired by Mayfield Childcare
+ Strategic 2,024sqm* site 100 meters* from both Gordonvale Hospital and Gordonvale State School
+ Triple street frontage amongst an established residential and commercial precinct with close proximity to the Bruce Highway
+ Cairns: Australia's 5th largest regional city with a residential population of 168,449 and a GRP of $10.33 billion^^
+ Child care/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 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^^^
+ Net Income: $262,500 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 11 May 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
^ Mayfield Childcare Limited
^^ Economy.id
^^^ Mitchell Institute, Australian Investment in Education
Remember to mention you found this property on CommercialReady
