A childcare centre with a new 15 year lease to a national childcare operator has hit the market in Kedron, a leafy suburb located 7km north of the Brisbane CBD.
Located at 30 Lawley Street, Kedron, the childcare centre is situated within a six-storey mixed-use complex. The parent complex comprises 30 residential units, a ground-level childcare centre (80 places) and three levels of basement parking for 40 residential vehicles, 16 childcare designated carparks and five visitor car parks.
The childcare investment is leased to Kids Club Early Learning with two 10 year lease options and comprises a total surveyed floor area of 1,168 square metres and is exclusively for sale through Gregory Woods and Daniel Pepper of Savills Australia.
The childcare provides five activity rooms, two cot rooms, bottle preparation rooms, children’s amenities, administration areas, storage areas, outdoor play area and covered veranda areas opening onto outdoor play areas. Ancillary improvements include car parking, driveways and landscaping.
The annual rent is circa $360,000 gross, with annual 3.25% rental increases, bank guarantees and make good provisions in the lease and the vendor is seeking offers over $5,495,000, making it an ideal long term secure cash flow asset for property syndications.
Gregory Woods, Director, Metropolitan & Regional Sales, at Savills Australia, expects interest from a variety of parties including High Net Worth investors, interstate or passive investors, defensive buyers, property syndicators or family offices.
“This is a trophy asset for any astute buyer, looking for a secure tenant and income stream over the foreseeable future. Kids Club Early Learning is one of the countries most recognised and rewarded premium childcare operators, with a core focus on the eastern seaboard of Australia” he said.
26-30 Lawley Street benefits from its proximity to Australia’s largest shopping centre Westfield Chermside and according to Daniel Pepper, Senior Executive - Metro & Regional Sales at Savills Australia, Kedron is known for its convenience as a suburb being located near the Airport Link Tunnel it affords fast and traffic-free access to the airport, CBD and Gold coast.
“The area is home to a number of desirable private and public schools including Padua College, Mount Alvernia College, St Anthony’s Primary School, Kedron State School, and Kedron State High School” he said.