Located in South Brisbane suburbs this property is leased to a Child Care centre who has been operating this business for the last 15 years. The property is more than just an income. The centre comprises a purpose built building situated on 4019m2. The land has a two street frontage and previously had approval for a townhouse development ( DA can be renewed subject to approval) on spare land towards the rear of the property presented huge capital gains opportunity for the future. The centre is licensed to care for 75 children and has a 20 year lease in place . The rent is currently $110,000 per annum and is scheduled for an increase in June 2009. For further details contact Terry Naug 0411726637