SOLD - Raceview (Brisbane) - Renewed 12 Year Lease - QLD’s Fastest Growing Corridor

Cushman & Wakefield’s National Investment Sales team is pleased to present to the market 80 Thornton Street, Raceview for Sale via Offers to Purchase.

The property has the following key characteristics:

• Renewed 12 year net lease to 2031 + options to 2051
• Expeditions Early Learning Journey - Established national childcare provider across 7 strong performing locations in QLD & VIC offering a proven and innovative education experience
• Expansive purpose-built facility having undergone circa $300,000 capex enhancements and upgrades, licensed for 118 places
• Well positioned closeby to 9 schools within a 3 km radius, totaling 4,100+ students
• Strategic growth location with 350+ new townhouses being delivered in the immediate precinct
• Raceview - 30 km west of Brisbane CBD and part of rapidly expanding Ipswich, QLD’s fastest growing municipality with 151% population growth forecast to reach 555,000+ residents by 2041
• Lease secured by Director’s Personal Guarantees and Bank Guarantee equivalent to 3 months’ rent
• Fixed 3% annual rent increases
• Net Income $237,641 pa + GST

For more information please contact the exclusive property professionals at Cushman & Wakefield.