Blue-Chip Asset in the City of Brisbane, strong underlying land value
A truly unique & rare trophy CBD investment with a 12 year WALE
Brand new 12 year net lease to 2033 + options to 2041
Brisbane City Child Care – highly qualified childcare provider in operation since 2004
Favourable fixed, compounding 3% annual rent increases
Tenant pays all usual outgoings, including management fees & land tax
Future development upside, potential to build a 15 story high rise (STCA)
Licenced for 147 Long Day Care places
Secure off street car parks for 14 vehicles plus 3 external drop-off bays, accessed via John Street
Desirable 2 street frontages, Astor Terrace & John Street
Self-contained 1,303sqm building plus ground floor secure parking and four levels of childcare accommodation, freehold site area of 816sqm
Brisbane’s population is over 2,400,000 and forecast to rapidly increase to 3,180,000 by 2031
Net income: $672,379 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.