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 9/121 Newmarket Road WINDSOR QLD 4030  I  07 3357 3888

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OFFERS OVER $3,000,000

Childcare Investment with a 10+10+5+5 Year Lease 

21 Veales Road, JENSEN QLD 4818


This purpose built freehold childcare investment property is located in Jensen - a prime 'northern beaches' suburb of Townsville. The well designed and superbly finished centre is located on a HUGE 4000 m2 block of land that is perfect for future expansion, and it provides the best possible site to take advantage of the massive growth of the surrounding suburbs and the large private catholic school directly across the road.
 
EXECUTIVE SUMMARY
LICENCE: 109 Place
ADDRESS: 21 Veales Road, Jensen
LAND SITE: 4,000m2 approx - including 1,200 m2 at rear of current centre fence
BUILDING SIZE: 740 m2 & 312 m2 covered outdoor teaching areas
PARKING: 27 - Perfect for drop-off & pick-up of Children
BUILDING SERVICES: Fully air-conditioned, industrial waste bins, security and fire extinguisher
CONSTRUCTION: Building - Rendered Brick
Roof: Colour-bond Steel
Constructed: 2006
OCCUPANCY: Average Occupancy 83% (July - Dec 2015)
LEASE TERM: 10 years
OPTION: 1 x 10 year option / 2 x 5 years option
LEASE COMMENCED: 1 March 2016
TENANT FINANCIAL: Exceptional Profit & Loss will be provided upon signing confidentiality agreement
LAYOUT: 7 Rooms – Purpose built

AGES: 6 Weeks - School Age
ANNUAL RENT REVIEWS: 3%
MARKET REVIEWS: Market reviews at the commencement of each further term.
All options have a ratchet clause.
OUTGOINGS: Triple net lease. All out goings, Land tax, and GST are paid by the tenant
RENTAL (Net pa): $212,000 net pa + out goings + GST

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