Medical/Consulting Sold - TOOWOOMBA CITY QLD
Blue Chip CBD Childcare Asset - High Exposure & Growth Location
Sold
Medical/Consulting Sold - TOOWOOMBA CITY QLD

18 Hill Street, TOOWOOMBA CITY QLD 4350

Sold
Blue Chip CBD Childcare Asset - High Exposure & Growth Location
18 Hill Street, TOOWOOMBA CITY QLD 4350
Property Features
  • Medical/Consulting
  • Land is 2,450 m²
  • Floor Area is 889 m²

Description

Sold
Medical/Consulting
Description

Blue Chip CBD Childcare Asset - High Exposure & Growth Location

Medical/Consulting Sold - TOOWOOMBA CITY QLD

+ 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 being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Property Features
  • Medical/Consulting
  • Land is 2,450 m²
  • Floor Area is 889 m²
Commercial Features
Highlight 1

New 15 year lease to 2035

Highlight 2

Imagine Childcare and Kindergarten

Highlight 3

Net Income: $357,201 pa + GST

Pat Kelly
+61 0412244456
07 3145 1201
Adam Thomas
0418 998 971

Agent iNFORMATION

Pat Kelly
Mobile +61 0412244456
Office 07 3145 1201
Adam Thomas
Mobile 0418 998 971

Make an Enquiry

07 3220 3611

Level 24, 324 Queen Street
Brisbane Qld 4000

Other Properties

Make an Enquiry

07 3220 3611

Level 24, 324 Queen Street Brisbane Qld 4000