Description
ASX-Listed Childcare with Highly Desirable Triple Net Lease to 2033 + Options to 2043
Medical/Consulting - Mooroobool QLD
Kelly & Co Property is pleased to present to market Cubby Care Mooroobool, a thriving ASX-Listed childcare in suburban Cairns.
100 Callum Street operates as Cubby Care, one of several brands owned and operated by ASX-listed Embark Education (ASX: EVO) formerly Evole Education.
Located 5.5km from Cairns CBD, this childcare provides an entry-level investment opportunity with a highly favourable triple net lease structure.
Leased to Embark Education on a 17-year lease to 2033 plus 2 x 5-year options, this property has long-term security.
The centre is located in a highly populated suburban area and is a well-configured facility licensed for 74 LDC places.
All outgoings including land tax, property management fees, structural repairs and maintenance are 100% recoverable from the tenant.
INVESTMENT HIGHLIGHTS
– 17-year lease to 2033 plus 2 x 5-year options to 2043
– Triple net lease with tenant paying all outgoing including land tax, property management, structural repairs and maintenance
– Greater of CPI or 3% annual rent increases
– Net Income $165,680pa + GST
– Lease is secured by a six month Bank Guarantee & parent company guarantee
– Substantial 1,390 sqm site
– Conveniently located 5.5km from Cairns CBD in an established residential area
– Embark Education (ASX: EVO, formerly Evolve Education) has 38 centres across Queensland and Victoria
– Cairns – Gateway to Far North Queensland with more than 175,400 permanent residents
FOR SALE VIA EOI CLOSING TUESDAY 15th APRIL 2025.
Please contact exclusive agent Sarah Broad from Kelly & Co Property for further information.
Property Features
- Medical/Consulting
- Land is 1,390 m²
- Floor Area is 550 m²
