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Burgess Rawson - Brisbane

160-162 Hoare Street Manunda, QLD 4870

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160-162 Hoare Street,
Manunda, QLD 4870

Medical & Consulting • Shops & Retail • Other

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Burgess Rawson - Brisbane
Fin Hume
Craig Chapman

Burgess Rawson - Brisbane

Level 13, 241 Adelaide Street
BRISBANE CITY, QLD 4000
Burgess Rawson - Brisbane
160-162 Hoare Street
Manunda, QLD 4870

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Rare Triple Net Lease to 2029 Plus Options | Australia's Largest Childcare Operator

  • 2 x 5 year options to 2039
  • Undersupplied childcare catchment
  • Goodstart EL: 660 centres nationally
Burgess Rawson are pleased to present to the market 160-162 Hoare Street, Manunda (Cairns) QLD for sale via Investment Portfolio Auction 172.

The property has the following investment highlights:

+ Early renewal of a triple net lease to June 2029 to Goodstart Early Learning
+ Two (2) further five (5) year options to June 2039
+ Goodstart Early Learning: Australia’s largest early learning provider with more than 660 centres across Australia combining to educate 60,000+ children
+ Tenant pays all outgoings including all maintenance (capex & structural), land tax, rates, insurances, and management fees
+ Annual reviews to the greater of CPI or 2.5% with ratchet provisions
+ High-performing & established 68 LDC place childcare centre with over $200,000 of tenant-funded works recently completed
+ Substantial 1,288sqm* main road site
+ Strategic location in an undersupplied childcare catchment, with a ratio of 3.8 children per LDC place
+ Prominently positioned directly across from both St Francis Xavier’s School & Cairns West State School servicing a combined 950+ students*
+ Centrally located within a strong schooling catchment with 17 schools within a 3km radius, which combine to service 5,990+ students*
+ Situated 400m* from Raintree Shopping Centre & within 2km* of both Earlville Shopping Centre & DFO Cairns, anchored by national retailers Woolworths, Coles, Target, Big W and supported by numerous specialty retailers
+ Cairns: gateway to Australia’s Great Barrier Reef, with an economic output of $10.25 billion and supporting 87,392 local residents
+ Net Income: $175,026 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property ID: 504701492Last Updated: 1 Nov 2024

Burgess Rawson - Brisbane
Level 13, 241 Adelaide Street
BRISBANE CITY, QLD 4000
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TOWNSVILLE CITY, QLD 4810

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