G8 Passive QLD – Diminished tenure!!

,

Logan

Reference: 570

Location: Logan

Number of places: 60

NET: $109,910

Rent (per annum): $116,460

Sale price: $1,500,000

 

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

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