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18 Hill Street, Toowoomba City, Qld 4350

18 Hill Street, Toowoomba City, Qld 4350

Medical/Consulting

  • Sold Contact Agent
  • Wed 31-Mar-21

Blue Chip CBD Childcare Asset - High Exposure & Growth Location

  • New 15 year lease to 2035
  • Imagine Childcare and Kindergarten
  • Net Income: $357,201 pa + GST

  • Land Area
  • 2450.00 m² (approx)
  • Floor Area
  • 889 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jun 02, 2021

Interested in this property? Contact an Agent today

Kelly & Co Property - Brisbane

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Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street

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Michael Vanstone, Burgess Rawson - Sydney
Michael Vanstone
Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Adam Thomas, Burgess Rawson - Melbourne
Adam Thomas

Blue Chip CBD Childcare Asset - High Exposure & Growth Location

+ New 15 year lease to 2035
+ Imagine Childcare and Kindergarten: highly qualified national childcare provider with more than 14 centres across Australia
+ Favourable fixed, compounding 3% annual rent increases
+ Tenant pays usual outgoings (including management fees but excluding rates and land tax)
+ Premium childcare facility developed in 2020 – substantial depreciation benefits with approximately 30% of the first year rent potentially income tax free
+ Licenced for 119 long day care places
+ Ideally located in a high exposure position opposite Grand Central Shopping Centre (recently undergone a $500 million redevelopment) – anchored by Myer, Woolworths, Coles, Cinema, Big W, Target, Kmart plus over 200 fashion and specialty stores
+ Significant Toowoomba CBD landholding of approximately 2,450 sqm with 33 car parks on title plus convenient on street parking
+ Toowoomba: Australia’s second largest inland city with a population of 169,000 (ABS). The area is expected to grow to 200,000 by 2035.
+ Net Income: $357,201 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

This property is

18 Hill Street, Toowoomba City, Qld 4350

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