Return 9.6% net pa + Strength of Tenant
61 McLean Street, GULLIVER QLD 4812
Listing ID. 0067
This very Strong investment is leased to a prime top 300 ASX listed national tenant - G8 Child Care Group. The catchment around this centre is extremely strong - both currently and for the future - as the federal government has closed the Holsworthy army in Sydney and is moving the complete facility to Townsville which will double or triple Lavarack Barracks.
- 75 Place - occupancy - 85% Great staff and facilities
- Long lease - 10 years expires in 2017
- Options 4 x 5 years
- Annual reviews CPI. Currently at 2.5% pa
- HUGE FUTURE UPSIDE - current rental is $1216 PER PLACE
- Prime location - Secures future tenants
- Booming Townsville - Mining/industrial centre.
- Fed Gov investment -Army barracks is to double in size
- Strong demo graphics and catchment
- Returns 9.6% NET pa ........ year in year out.