Sold
40-44 Raff Street, Toowoomba QLD
Sold
High Yielding Childcare Investment – Brand New 15 Year Triple Net Lease
Stonebridge is pleased to present to the market 40-44 Raff Street, Toowoomba for Sale via Expressions of Interest.
The asset has the following key investment features:
- Brand new 15 year triple net lease to 2037 + option to 2042
- Cherubs Early Leaning – Longstanding childcare centre with proven 26+ year history
- Land rich 2,833 sqm* site near Toowoomba CBD, TAFE, Bunnings and Queens Park
- Convenient, easily accessible location near Ruthven Street (New England Highway) and major thoroughfare Bridge Street
- Central childcare position within close proximity to 27 schools (within 3 km)
- Recently refurbished and upgraded facility licensed for 120 places
- Toowoomba – Dynamic Southeast QLD city with strong $11 Billion economy, booming population set to exceed 200,000 by 2036
- Triple Net Lease – Tenant pays all outgoings including Land Tax and Structural Repairs & Maintenance
- Lease secured by Bank Guarantee equivalent to 6 month’s rent
- Minimum 3% annual rent increases
- Net Income $343,200 pa* + GST
The investment is for sale by way of Expressions of Interest closing Monday 11th April at 1pm.
For further information, please contact the Stonebridge team.
*Approx.
