115-119 Shute Harbour Road
Cannonvale, QLD 4802
0.41ha (1.01 acres)
Onsite car parking
Tenanted Investment Details
Commanding Childcare Investment – Blue Chip Operator
- 15 year lease to 2028
- Minimum 2.5% annual rent increases
- Net Income $311,444 pa + GST
The property has the following key characteristics:
• 15 year lease to 2028 + options to 2038
• Affinity Education – Blue Chip operator, 160+ centres with 2018 revenue of $247M
• Commanding 4,100 sqm site fronting Shute Harbour Road with exposure to over 17,000+ passing cars daily, closeby to Bunnings, Coles, Cannonvale State School and Whitsundays TAFE
• Modern well presented facility licensed for 150 places and neighboring Cannonvale Business Centre
• Landlord friendly triple net lease – Tenant responsible for all usual outgoings including Land Tax, Management Fees and • Structural Repairs and Maintenance
• Minimum 5 year lease renewal notice period ensuring long term security
• World renowned Airlie Beach – Commercial epicentre and capital of the Whitsundays
• Minimum 2.5% annual increases
• Net Income $311,444 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction if not sold prior. The Auction will be conducted on Thursday 17 October at 2pm at the Cushman & Wakefield Sydney Office, located on Level 22, 1 O’Connell Street, Sydney NSW 2000.
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 from one of these locations, please liaise with the exclusive agents.
Property ID: 503328734Last Updated: 13 Nov 2019