SOLD - Morningside (Brisbane) - Blue Chip Inner City Childcare Centre - ASX Listed G8 Education
54 Junction Road Morningside QLD 4170
Key Property Highlights
| Parking | Basement parking for 20 cars |
|---|---|
| Listing Status | Sold |
Cushman & Wakefield’s National Investment Sales team is pleased to present to the market 54 Junction Road, Morningside for Sale via Auction.
The property has the following key characteristics:
- Secure 15 year net lease to 2034 + options to 2054
- G8 Education (ASX:GEM) - Australia’s leading ASX listed education provider across 470+ centres, Market Cap of $852 Million
- Exceptional newly built childcare centre completed in 2019, offering significant depreciation benefits
- Well configured facility featuring expansive indoor and outdoor play spaces, licensed for 101 Long Day Care places
- Prime 1,200 sqm corner site allowing for convenient inbound and outbound access plus basement parking for 20 vehicles
- Highly exposed property with 18,700+ vehicles passing daily
- Key position in Morningside’s major retail precinct adjacent to Coles, Woolworths, Ampol, The Colmslie Hotel, Liquorland and Puma
- Strong performing centre exhibiting high occupancy since inception
- Strategic family centric location within close proximity to prestigious Cannon Hill Anglican College, ‘Churchie’, Lourdes Hill College and 15 further schools within 3 km
- Morningside - Affluent inner Brisbane lifestyle suburb 4.5 km from the CBD
- Tenant pays all outgoings excluding Land Tax
- CPI + 1% annual rent increases
- Net Income $356,614 pa + GST
The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Wednesday 28 July at 10am.
Interested parties based in New South Wales will have access to our Live Stream and Online Bidding Platform strictly via prior arrangement.
Interstate Live Stream and Bidding Facilities will be available at the below Venues;
Brisbane - Dexus Place - Waterfront Place, Level 31, 1 Eagle Street, Brisbane
Melbourne - Dexus Place - Level 14, 385 Bourke Street, Melbourne
Should you hold interest in bidding on the asset from one of these locations or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.