SOLD - Burleigh Heads (Gold Coast) - Trophy Burleigh Heads Childcare Centre - 20 Year Net Lease

Cushman & Wakefield is pleased to present to the market 148 West Burleigh Road, Burleigh Heads (7 Banjo Street) for Sale via Auction.

The property has the following key characteristics:

• Secure 20 year corporate net lease to 2038 + options to 2053
• Petit Early Learning - National childcare operator across 18 locations & 100% owned by a Morgan Stanley fund
• Trophy location on West Burleigh/Reedy Creek Road, exposed to 34,000+ vehicles daily
• Prime position directly opposite Stockland Burleigh Heads Shopping Centre - Home to Woolworths, Aldi, Big W, JB Hi-Fi + 100 specialty retailers
• Architecturally designed and expertly configured, maximising the 1,068 sqm site to create a 1,547 sqm childcare facility with an impressive 108m of combined frontage
• State-of-the-art 108 place centre featuring expansive 510 sqm rooftop playscape & 29 basement car parks
• Newly built in 2018 providing optimal depreciation benefits
• Burleigh Heads - Highly sought after Gold Coast suburb with residential price growth surging 47% over last 5 years
• Gold Coast - World famous location, current population of 590,000 set to boom to 1 million by 2050
• Secure net lease including ratchet provision - ensuring rent cannot decrease
• Tenant pays all outgoings including Land Tax and Repairs & Maintenance
• Fixed 3.5% annual rent increases
• Net Income $390,158 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.