SOLD - Thornlands (Brisbane) - 20 Year Net Lease - Brand New Metro Childcare Centre

Cushman & Wakefield is pleased to present to the market 57 Kinross Road, Thornlands (Brisbane) for Sale via Auction.

The property has the following key characteristics:

• 20 year lease to 2040 + options to 2070
• Play & Learn - Highly qualified operator with 10 locations throughout QLD & 30+ years’ experience
• Brand new 881 sqm facility offering significant depreciation benefits & licensed for 88 places
• Exclusive position in 284 hectare master planned estate with 1,500+ new homes
• Strategic location closeby to schools, shopping centres & medical/lifestyle facilities
• Prime childcare demographics - High proportion of double income families & affordable new housing
• Thornlands - Established yet growing family friendly suburb 23 km from Brisbane CBD
• Net Lease - Tenant pays all outgoings including Land Tax
• Lease secured by Bank & Directors Personal Guarantee’s
• Minimum 3% annual rent increases
• Net Income $281,600 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 10 December at 1pm AEDT at Doltone House Hyde Park, located on 3/181 Elizabeth Street, Sydney NSW.

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, please contact the exclusively appointed property professionals at Cushman & Wakefield.