Secure 15 Year Triple Net Lease to 2036 | Leading National Provider
Burgess Rawson is pleased to offer to the market, 8 Short Street, Nerang for sale via our Auction Investment Portfolio 155.
This investment has the following key investment highlights:
+ 15 year triple net lease to Genius Childcare to 2036
+ Two further 10 year options to 2056
+ Genius Childcare: leading early education provider, with a network of 35 centres across Australia
+ Annual rent increases to the greater of 2.5% or CPI, plus ‘ratchet’ provisions at market reviews, ensuring rent cannot reduce
+ Tenant pays 100% of outgoings including: all maintenance (both capital and structural), land tax, rates, insurances, and management fees
+ Established child care centre licensed for 75 LDC places
+ Rated ‘Exceeding’ under the National Quality Standards (NQS)
+ Strategically located opposite Nerang State School (P-12) and within close proximity from Nerang State High School, St Brigid’s Catholic Primary School, and Trinity + Lutheran College
+ Conveniently positioned within metres of the Pacific Motorway interchange, 850 metres from Coles-anchored Nerang Fair Shopping Centre, 950 metres from My + Centre Nerang underpinned by ALDI and Coles, and 1.20 kilometres from the Woolworths Nerang Mall
+ 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: $270,375 pa + GST (as at October 2022)**
For Sale by Investment Portfolio Auction
10:30am (AEST) Friday 16 September 2022
The Hilton - Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
**Assuming CPI of 3%
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