18 Hill Street,
Toowoomba City, QLD 4350
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Kelly & Co Property - Brisbane
Level 12, 324 Queen StreetBRISBANE CITY, QLD 4000
18 Hill Street
Toowoomba City, QLD 4350
Map of 18 Hill Street
Blue Chip CBD Childcare Asset - High Exposure & Growth Location
- New 15 year lease to 2035
- Imagine Childcare and Kindergarten
- Net Income: $357,201 pa + GST
+ New 15 year lease to 2035
+ Imagine Childcare and Kindergarten: highly qualified national childcare provider with more than 14 centres across Australia
+ Favourable fixed, compounding 3% annual rent increases
+ Tenant pays usual outgoings (including management fees but excluding rates and land tax)
+ Premium childcare facility developed in 2020 – substantial depreciation benefits with approximately 30% of the first year rent potentially income tax free
+ Licenced for 119 long day care places
+ Ideally located in a high exposure position opposite Grand Central Shopping Centre (recently undergone a $500 million redevelopment) – anchored by Myer, Woolworths, Coles, Cinema, Big W, Target, Kmart plus over 200 fashion and specialty stores
+ Significant Toowoomba CBD landholding of approximately 2,450 sqm with 33 car parks on title plus convenient on street parking
+ Toowoomba: Australia’s second largest inland city with a population of 169,000 (ABS). The area is expected to grow to 200,000 by 2035.
+ Net Income: $357,201 pa + GST
For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021
This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
+ Imagine Childcare and Kindergarten: highly qualified national childcare provider with more than 14 centres across Australia
+ Favourable fixed, compounding 3% annual rent increases
+ Tenant pays usual outgoings (including management fees but excluding rates and land tax)
+ Premium childcare facility developed in 2020 – substantial depreciation benefits with approximately 30% of the first year rent potentially income tax free
+ Licenced for 119 long day care places
+ Ideally located in a high exposure position opposite Grand Central Shopping Centre (recently undergone a $500 million redevelopment) – anchored by Myer, Woolworths, Coles, Cinema, Big W, Target, Kmart plus over 200 fashion and specialty stores
+ Significant Toowoomba CBD landholding of approximately 2,450 sqm with 33 car parks on title plus convenient on street parking
+ Toowoomba: Australia’s second largest inland city with a population of 169,000 (ABS). The area is expected to grow to 200,000 by 2035.
+ Net Income: $357,201 pa + GST
For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021
This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Property ID: 503773182Last Updated: 1 Jun 2021
Kelly & Co Property - BrisbaneLevel 12, 324 Queen Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
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