New 10 year lease to April 2027 plus three further 10 year options to 2057.
Attractive 3.5% minimum annual increases + ratchet provisions ensuring guaranteed rental growth.
Sheridan Meadows ELC – highly regarded tenant operating 3 others in the region with a strong history of occupancy over 88%.
Superbly maintained & recently refurbished purpose-built facility licenced for 75 LDC places.
Substantial 2,125 sqm corner site ideally positioned just off the busy Bruce Highway offering excellent exposure and convenience.
Cairns – the lure of FNQ is fast outgrowing the city limits with 18,500 new sites planned for Mt Peter only 13 km away and currently the Cairns catchment population is more than 170,000 people.
Potential for significant tax depreciation benefits.
Tenant pays all usual outgoings, including land tax, as per lease.
Net Income: $157,500 pa + GST.