99-101 Collins Street, REDLAND BAY, QLD, 4165

+ Anchored by recent 10 year lease to Baildon Group (Superfish Swim Schools) until 2031 with options through to 2041

+ Supported by a brand new 3 year lease to Studio K Hair Co until 2025 with options through to 2028

+ Baildon Group: Established in 1996 operating multiple swim schools & gyms with strong financial backing

+ Studio K Hair Co: experienced multi-site operator with studios in Brisbane and Redland Bay

+ Attractive 7.83* year WALE, with 85.3% of the income underpinned by Superfish Swim School

+ Strategically positioned 1,589sqm site adjoining a 7-Eleven, 152 place childcare centre & medical centre in a booming residential catchment

+ Construction completed in January 2021, allowing for outstanding depreciation benefits (approx. $94,310 first year tax depreciation)

+ Annual fixed 3% rent increases ensuring strong rental growth

+ Tenants pay all outgoings (excluding land tax)

+ Ideal affluent catchment with median house prices in Redland Bay have increased 21.7% over the past 12 months**

+ Redland Bay is experiencing high population growth with children aged between 0-14 representing 22.4% of the total population, well above the Queensland average***

+ Net Income: $164,111 pa*

For Sale by Investment Portfolio Auction

10:30am (AEST) Thursday 23 June 2022

Hilton Hotel, Brisbane

Approximately*

Gapmaps**

ABS***

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