Childcare Investment - New 10 + 10 + 10 year lease

This purpose-built childcare centre, completed in 2004, is subject to a long-term lease that returns $187,500 per annum, plus GST.

The property is situated in a major growth corridor of Townsville, just 300 metres from North Queensland's largest shopping centre, Willows Shopping Centre.

Property features include:
• Land area: 2,124 sqm
• Building area: 785 sqm
• Constructed in 2004
• 11 on-site car spaces
• Zoned Major Centres
• 5 dedicated spaces catering to the different age groups

Lease details include:
• Commencing rental: $187,500 + GST
• All outgoings paid by the Tenant
• Annual CPI Increases (minimum 3%)
• Lease expiry 1 August 2034
• Lease options through to 2054
• 6-month bank guarantee in place

Other relevant details include:
• Licenced for 75 places
• Capacity for 84 places
• The centre caters for ages 6 weeks to 5 years
• Operating hours 6am - 6pm, Monday to Friday

Townsville is the 13th-largest city in Australia and is home to the largest population base in Northern Australia. The Townsville Region is home to one of the most diverse economies in Australia, with a Gross Regional Product of $15.8 billion.

For Sale: $3,000,000

For more information, please contact the marketing agents, Ray White Commercial Townsville.

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