SOLD - Maryborough - Secure 15 Year Triple Net Lease - National Childcare Operator

Cushman & Wakefield are pleased to present to the market 228 Ellena Street, Maryborough (Fraser Coast) for sale via Public Auction.

The property has the following key characteristics:

• 15 year lease to 2032 + options to 2042
• Paisley Park Early Education - Proven operator with 22 centres nationally and 5 forthcoming
• Single level purpose built childcare centre licenced for 75 Long Day Care places
• Strategic location - 9 schools within a 3 km radius and 500m to Coles, Aldi, Bunnings, McDonalds, Hungry Jack’s and Maryborough Train Station
• Prime position 400m north west of the CBD
• Maryborough - Part of the Wide Bay Burnett area, one of Australia’s fastest growing regions
• Lease secured by a 6 month bank guarantee
• Landlord friendly triple net lease - minimum 5 year notice period to exercise options
• Tenant pays all outgoings including structural repairs and maintenance, Land Tax and Management Fees
• Minimum of 3% annual rent increases
• Net Income $137,811 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 22 August at 2pm at the Cushman & Wakefield Sydney Office, located on Level 22, 1 O’Connell Street, Sydney NSW 2000.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.