CHILD CARE CENTRE - MISSION BEACH
16 SEAVIEW ST., MISSION BEACH QLD 4852
Childcare centres are a favourite passive investment for savvy investors chasing desirable lease terms and long term tenants in a government supported sector. Recent sales in the childcare sector showcase just how strong the market is in both metro and regional areas.
The demand for childcare investments is strong and for returns to be attractive, the industry itself needs to thrive. Demand is currently being driven by a number of key factors including:
The high cost of living driving parents back to work
The Federal Government's position that female workforce participation is good for our economy
Roughly 1.3 million children attending some form of government-approved or government funded child care service in 2018-2019.
Revenue in Childcare Services industry increased 14.3% annually over the past 5 years*
Higher government expenditure in the child care sector. Funding has increased substantially over the past 5 years, exceeding $8 billion in 2016-2017*
*Source IBIS World Industry Report Q8710
LAND AREA: 805m2
Purpose built Childcare Investment in an idyllic and prominent location - less than 350m to the beach and only 500m to the Mission Beach Shopping Village.
LEASE TERM - Current lease to 30/11/2019 with 2 x 5 year option periods
ANNUAL RENTAL INCOME:
As from 1st December 2018 - $32,321.28 + GST
Annual Increases - CPI in December each year
Market Reviews - First year of each option period
Licensed for 25 places - Aged 15 months to 5 years - also before and after school care
Insurance - $3439/yr (Building Insurance & Legal Liability)
Council Rates to 31/12/2018- Lessor's Portion - $1,134.19/half yr including discount for payment on time
Built 1987 - Concrete block construction - New roof and guttering in 2012- New Kitchen & HWS Nov 2013
PRICE: $450,000 + GST if applicable
The buyer must obtain an ABN and be registered for GST on or before settlement otherwise GST will apply in addition to the purchase price.
EXPANSION OPPORTUNITIES? - Adjoining 805m2 land with 10m x 7m steel shed also For Sale - $150,000 + GST (if applicable)
For more information, please contact Exclusive Marketing Agents Jodie Rampton on 0498 877 050 or Tim Rampton on 0498 877 055