Brand New High Occupancy Childcare Investment – 20 Year Net Lease

Stonebridge National Investment Sales is pleased to present ‘Little Locals Toowoomba (Westbrook)’ for sale via Expressions of Interest.
The asset has the following key investment features:

• Brand new 20 year net lease to 2042 + options to 2062
• Little Locals – Successful, longstanding operator – High portfolio occupancy across 10 premium facilities*
• Large 2,976 sqm* site incorporating sprawling playscapes and 29 car parks
• New improvements (built 2021) providing optimal depreciation benefits
• Architecturally designed, carbon neutral facility licensed for 140 places and exhibiting 90%+ occupancy
• Key ‘precinct’ location amongst McDonald’s, 7-Eleven, IGA, Medical Centre and Tavern
• Strategic gateway position to emerging master planned community – 1,500+ new homes, Coles Shopping Centre and additional schools proposed
• Direct 47m* frontage and exposure to Gore Highway/Toowoomba-Athol Road – A busy & important arterial connecting Westbrook to Toowoomba CBD
• Toowoomba – Dynamic Southeast QLD city with strong $11 Billion economy, booming population set to exceed 200,000 by 2036
• Net Lease – Tenant pays all usual outgoings including Land Tax
• Lease secured by 6 month Bank Guarantee
• Fixed 3% annual rent increases
• Net Income $416,500 pa* + GST

 
The asset is for sale Individually or in one line with Little Locals Auchenflower, via Expressions of Interest closing Monday 11th April at 1pm.
For further information, please contact the Stonebridge team.
*Approx.