G8 operated since 2005. Licence 15 months to school age. Situated directly across the road from a large primary school with over 650 students. Established residential suburb of Logan, growth corridor between Brisbane and the Gold Coast. This would ideally suit an investor with a childcare operational background as the current lease option expires in December 2020 – there is a further option of 5 years that may or not be taken up. Current rent is $116,460 and the tenant pays all outgoings including building insurance, excluding land tax which is circa $6,550p.a for 19/20 assessment. Established in 1987, the site is 1,550 m2. Call Lincoln Bridge 0424 370 025
Logan
LOCATION
Logan
NUMBER OF PLACES
60
RENT (PER ANNUM)
$116,460
NET PROFIT
$109,910
SALE PRICE
$1,500,000
CATEGORIES
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