8-10 Short Street, NERANG, QLD, 4211

+ New 15 year triple net lease to Genius Childcare to 2036

+ Two further 10 year options to 2056

+ Genius Childcare: experienced national early education provider with a network of 34 centres nationally

+ Minimum 2.5% annual rent increases, plus ratchet provisions at the market review, guaranteeing rental growth

+ Tenant pays 100% of outgoings including: all maintenance (both capital and structural), land tax, rates, insurance and management fees

+ Established child care facility, with service approval for 75 LDC places

+ Strategic location opposite Nerang State School (P-12) and metres from ALDI, Coles & the Pacific Motorway interchange

+ 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

+ 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: $262,500 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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