160-162 Hoare Street, MANUNDA, QLD, 4870

+ Renewed Triple Net Lease to Goodstart Early Learning to 2029

+ Goodstart Early Learning: Australia’s largest early education provider with 649 centres nationally

+ Triple Net Lease: Tenant pays 100% of outgoings including: all maintenance (both capital and structural), land tax, rates, management fees and insurance

+ Minimum 2.5% annual rent increases with market reviews at the commencement of each further term

+ Long established child care facility, licensed for 68 LDC places

+ Prominent 1,288 sqm main road site adjacent to Cairns West State School and only 400 metres from Raintrees Shopping Centre underpinned by Woolworths & 44 specialty stores

+ Cairns: Gateway to Australia’s Great Barrier Reef, with an economic output of $10.25 billion and supporting 87,392 local residence.

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year

+ Net Income: $155,773 pa + GST and Outgoings (June 2021)

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)

Crown Casino, Melbourne

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