Cubby Care Mooroobool, 100 Callum Street,
Mooroobool, QLD 4870
Medical & Consulting • Other
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Kelly & Co Property - Brisbane
Level 12, 324 Queen StreetBRISBANE CITY, QLD 4000
04759443...
Cubby Care Mooroobool, 100 Callum Street
Mooroobool, QLD 4870
Map of Cubby Care Mooroobool, 100 Callum Street
ASX-Listed Childcare with Highly Desirable Triple Net Lease to 2033 + Options to 2043
Kelly & Co Property is pleased to present to market Cubby Care Mooroobool, a thriving ASX-Listed childcare in suburban Cairns.
100 Callum Street operates as Cubby Care, one of several brands owned and operated by ASX-listed Embark Education (ASX: EVO) formerly Evole Education.
Located 5.5km from Cairns CBD, this childcare provides an entry-level investment opportunity with a highly favourable triple net lease structure.
Leased to Embark Education on a 17-year lease to 2033 plus 2 x 5-year options, this property has long-term security.
The centre is located in a highly populated suburban area and is a well-configured facility licensed for 67 LDC places.
All outgoings including land tax, property management fees, structural repairs and maintenance are 100% recoverable from the tenant.
INVESTMENT HIGHLIGHTS
- 17-year lease to 2033 plus 2 x 5-year options to 2043
- Triple net lease with tenant paying all outgoing including land tax, property management, structural repairs and maintenance
- Greater of CPI or 3% annual rent increases
- Net Income $165,680pa + GST
- Lease is secured by a six month Bank Guarantee & parent company guarantee
- Substantial 1,390 sqm site
- Conveniently located 5.5km from Cairns CBD in an established residential area
- Embark Education (ASX: EVO, formerly Evolve Education) has 38 centres across Queensland and Victoria
- Cairns - Gateway to Far North Queensland with more than 175,400 permanent residents
Please contact exclusive agent Sarah Broad from Kelly & Co Property for further information.
100 Callum Street operates as Cubby Care, one of several brands owned and operated by ASX-listed Embark Education (ASX: EVO) formerly Evole Education.
Located 5.5km from Cairns CBD, this childcare provides an entry-level investment opportunity with a highly favourable triple net lease structure.
Leased to Embark Education on a 17-year lease to 2033 plus 2 x 5-year options, this property has long-term security.
The centre is located in a highly populated suburban area and is a well-configured facility licensed for 67 LDC places.
All outgoings including land tax, property management fees, structural repairs and maintenance are 100% recoverable from the tenant.
INVESTMENT HIGHLIGHTS
- 17-year lease to 2033 plus 2 x 5-year options to 2043
- Triple net lease with tenant paying all outgoing including land tax, property management, structural repairs and maintenance
- Greater of CPI or 3% annual rent increases
- Net Income $165,680pa + GST
- Lease is secured by a six month Bank Guarantee & parent company guarantee
- Substantial 1,390 sqm site
- Conveniently located 5.5km from Cairns CBD in an established residential area
- Embark Education (ASX: EVO, formerly Evolve Education) has 38 centres across Queensland and Victoria
- Cairns - Gateway to Far North Queensland with more than 175,400 permanent residents
Please contact exclusive agent Sarah Broad from Kelly & Co Property for further information.
Mooroobool, 4870 demographic data
7,136
Population
$1,495 per week
Median household income
41 years
Median age
Owners
Most residents
Families
Most households
Kelly & Co Property - BrisbaneLevel 12, 324 Queen Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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