Sold Price $4,889,000 - Yield 5.46% - Balmoral (Brisbane) - Premium Childcare Investment
246-248 Riding Road Balmoral QLD 4171
Attributes and Features
|Building Area||545 sqm|
|Land Area||1323 sqm|
|Last Updated||Feb 19, 2019|
Cushman & Wakefield are pleased to present to the market the Balmoral House Private Preschool for sale via Auction.
- 10 year lease to 2028 plus options to 2048
- Balmoral House Private Preschool – A boutique ‘Hamptons’ style child care centre operating at 100% occupancy
- Prime location on Riding Road, 8 kilometres from the CBD and walking distance to Oxford Street, Bulimba’s high street dining and retail precinct
- Strategic position across from St’s Peter and Paul’s Primary School and 2 mins drive to Bulimba and Morningside State School’s
- Nestled in the heart of one of Brisbane’s most affluent areas, 2018 median house price of $1.6M and neighbouring the prestigious suburbs of Bulimba and Hawthorne
- Newly built, multi-level architecturally designed centre offering significant tax saving depreciation benefits
- Rare ratchet lease provision ensuring rent cannot decrease and guaranteeing rental growth
- Tenant pays all usual outgoings including Land Tax
- 3 month Bank Guarantee and Director’s Personal Guarantee
- Annual rent increases in line with CPI + 1%
- Net Income $267,280 pa + GST (as at January 8 2019)
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Wednesday 5th of December at 10:30am AEDT with bidding facilities available in Sydney, Melbourne and Brisbane.
Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.