Stonebridge National Investment Sales is pleased to present to the market Play & Learn Childcare, The Gap, for sale via National Portfolio Auction.
The asset has the following key investment features:
- Secure 20 year net lease to 2039 + options to 2059
- Play & Learn – 10 centres throughout Brisbane and growing – longstanding, well regarded operator with 30+ year history
- Prominent 1,962 sqm* site zoned ‘District Centre’ allowing for a multitude of future alternate uses, adjoining convenience centre
- Prime exposure and access to Waterworks Road (27,000 vehicles daily*), a major arterial providing direct vehicular access to the CBD
- Conveniently located for parents with 6 schools within 3 km* and near Coles, Aldi & McDonalds anchored Gap Village Shopping Centre
- Modern and impressive 2 storey facility constructed in 2019, approved for 112 LDC places plus basement car parking for 26 vehicles
- Established facility exhibiting high occupancy levels
- The Gap – popular, family friendly suburb only 6 km* to Brisbane CBD
- Tenant pays all outgoings including Land Tax & Management Fees
- Lease secured by 3 month Bank Guarantee and Directors Guarantees
- Fixed 3% annual rent increases
- Net Income $382,454 pa* + GST
*Approximate
The Investment is for sale by way of Stonebridge National Portfolio Auction on Tuesday 5th July, commencing at 11am. The Auction will be held at Sofitel Sydney Wentworth’s ‘Hobart Room’, located on Level 2, 61-101 Phillip Street, Sydney NSW.
Prospective purchasers & interested parties will have access to remote bidding facilities in Brisbane & Melbourne, as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.
Please contact the exclusively appointed Stonebridge property professionals for more information.
