For Sale at 5.75% ($3,350,000) | High-Performing Goodstart Childcare Investment in Booming Growth Corridor
Burgess Rawson is pleased to offer to the market Goodstart Early Learning located at 77-79 Smiths Road, Caboolture QLD for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ Twenty five (25) year net lease to March 2029
+ One (1) further five (5) year option to March 2034
+ Goodstart Early Learning: Australia’s largest early learning provider with more than 660 centres across Australia combining to educate 60,000+ children
+ Tenant pays all outgoings excluding land tax
+ Favourable annual CPI rent reviews with market reviews in 2029 and ratchet provisions, ensuring the rent cannot reduce
+ High-performing & established 75 LDC place childcare centre trading at 100% occupancy
+ Substantial 2,800sqm* site with dual street frontage and 23 on-site car parks
+ Prominently positioned directly across from both Tullawong Primary School and Tullawong State High School, servicing a combined 1,630+ students*
+ Strategically positioned within a strong schooling catchment with 17 schools within a 3km radius, which combine to service 9,795 students* ^^^
+ Conveniently positioned in close proximity to Caboolture’s key social infrastructure including the Caboolture Hospital (3km*) & the Caboolture Square Shopping Centre (2km*), underpinned by Coles and supported by numerous specialty retailers
+ Moreton Bay Region: booming growth corridor and 3rd largest LGA in Australia with population forecast to increase 64% by 2046^^
+ 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: $192,500 pa* + GST (as at March 2024)
For Sale via Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
^Australian Government - Department of Education | Child Care Subsidy Reform
^^ Moretonbay.qld.gov.au
^^^ GapMaps
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