7-11 Cairns Road, GORDONVALE, QLD, 4865

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