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JLL - Brisbane

396-398 Rio Vista Blvd Mermaid Waters, QLD 4218

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396-398 Rio Vista Blvd,
Mermaid Waters, QLD 4218

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JLL - Brisbane
Elliott O'Shea

JLL - Brisbane

Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
04138387...
JLL - Brisbane
396-398 Rio Vista Blvd
Mermaid Waters, QLD 4218

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Gold Coast childcare with 15yr triple net lease

• Brand new ‘Hamptons style’ childcare centre opened December 2018
• 15 year triple net lease to Sanctuary Early Learning Adventures with 3.5% annual rent reviews
• 98 place centre offering best in class childcare facilities, including expansive outdoor playscape and in house meal preparation
• Strong performing tenant already trading well above QLD state and national occupancy benchmarks
• High-spec build with substantial depreciation benefits in effect
• 1,575sqm high profile corner site in the affluent Gold Coast suburb of Mermaid Waters
• Perfect childcare demographic - Gold Coast seeing an annual population growth of over 2.25% with a high percentage of working families
• Sanctuary Early Learning Adventures - highly qualified tenant with a strong track record of successful childcare operation
• Triple net income of $375,000p.a.

The property is being offered For Sale via Expressions of Interest closing 4pm (AEST) Tuesday 16 April.

Property ID: 503137358Last Updated: 16 Jul 2019

JLL - Brisbane
Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
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