Stonebridge is pleased to present ‘Affinity Education Mitchelton (Brisbane)’ for sale via National Portfolio Auction on Wednesday 24 September at 11am (AEST).

The asset has the following key investment features:

– Renewed 10 year net lease to 2030 plus option to 2035 with uncapped CPI annual rent increases

– Affinity Education – One of Australia’s largest privately held childcare providers, national network of 225+ centres and estimated revenue of $411 million+

– Large 2,268 sqm* corner site improved by purpose built 75 place facility with 17 on-site car parks

– Well below market rent providing opportunity for significant income uplift

– Well maintained and progressively upgraded asset providing modern finishes and huge depreciation benefits

– Strategic location equidistant from Mitchelton State Primary School and Everton Park State Primary School (1,132+ combined students) plus a further 24 schools within 10 mins*

– Diagonally opposite one of Brisbane’s largest shopping centres, anchored by Target, BigW, Woolworths and Coles (4.7m+ visitors annually)

– Mitchelton – Established Brisbane suburb only 8.2 km* to CBD, boasting a significant residential, retail and commercial core

– Net Lease – Tenants pays all usual outgoings including Land Tax, Management Fees, Insurance, Rates plus Repairs & Maintenance

– Net Income $158,293 pa* + GST

‘Affinity Education Mitchelton (Brisbane)’ is for sale via National Portfolio Auction on Wednesday 24 September at 11am (AEST).

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Property Code: 1394