21 Veales Road, Jensen, QLD 4818

Investment | Retail | Showrooms

Sold

  • Property ID: 205549
  • Floor Area: 740m²
  • Land Area: 4000m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 01/11/2016 740m2 4000m2 Contact Agent
Childcare Investment with a 10+10+5+5 Year Lease

This purpose built freehold childcare investment property is located in Jensen - a prime 'northern beaches' suburb of Townsville. The well designed and superbly finished centre is located on a HUGE 4000 m2 block of land that is perfect for future expansion, and it provides the best possible site to take advantage of the massive growth of the surrounding suburbs and the large private catholic school directly across the road.

EXECUTIVE SUMMARY
LICENCE: 109 Place
ADDRESS: 21 Veales Road, Jensen
LAND SITE: 4,000m2 approx - including 1,200 m2 at rear of current centre fence
BUILDING SIZE: 740 m2 and 312 m2 covered outdoor teaching areas
PARKING: 27 - Perfect for drop-off and pick-up of Children
BUILDING SERVICES: Fully air-conditioned, industrial waste bins, security and fire extinguisher
CONSTRUCTION: Building - Rendered Brick
Roof: Colour-bond Steel
Constructed: 2006
OCCUPANCY: Average Occupancy 83% (July - Dec 2015)
LEASE TERM: 10 years
OPTION: 1 x 10 year option / 2 x 5 years option
LEASE COMMENCED: 1 March 2016
TENANT FINANCIAL: Exceptional Profit and Loss will be provided upon signing confidentiality agreement
LAYOUT: 7 Rooms - Purpose built
AGES: 6 Weeks - School Age
ANNUAL RENT REVIEWS: 3%
MARKET REVIEWS: Market reviews at the commencement of each further term.
All options have a ratchet clause.
OUTGOINGS: Triple net lease. All out goings, Land tax, and GST are paid by the tenant
RENTAL (Net pa): $212,000 net pa + out goings + GST

For full Information Memorandum and copy of the lease please email me on andrew.acb@randw.com.au

For further information or to arrange an inspection contact Australian Childcare Brokers now!

Additional Information
Features
  • Car Spaces: 27
Jensen Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $1980 --- ---
Retail $4020 --- ---
This is the average advertised price, rent and yield for Jensen, QLD 4818*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Tools

  Richardson & Wrench Commercial Brisbane North

 

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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