 Asset Class: | Child Care |
 Price: | $ 1500000 |
 Net Yield: | 6.60 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<span style="color:rgb(2, 8, 23);">Discover a prime investment opportunity in the heart of Cooroy! It features a long-term net lease to a reputable childcare operator, offering a secure and stable income stream.</span><br><br><span style="color:rgb(2, 8, 23);">Situated at 22 Kauri Street, Cooroy, Queensland, this property occupies a strategic location within the bustling Noosa Hinterland region. The centre is ideally positioned within the township, only 15 kilometers west of the affluent coastal town of Noosa. Cooroy’s town centre, renowned for its vibrant small businesses, provides ample amenities including schools, medical services, and retail outlets. The property boasts excellent exposure and accessibility due to its proximity to major transport links and an expanding residential community, which is expected to continue growing, enhancing the local demographic profile.</span><br><br><span style="color:rgb(2, 8, 23);">The property encompasses a generous landholding of 2,028 square meters, with a Net Lettable Area (NLA) of 4,331 square meters. This childcare centre is licensed for 63 long day care places, ensuring a strong foundation for operational efficiency. The site features ample parking with 13 designated car spaces, allowing for convenience for parents and staff alike. The strategic corner position offers significant street frontage, contributing to high visibility and exposure for the business.</span><br><br><span style="color:rgb(2, 8, 23);">Smarty Pants Early Learning Centre currently operates under a 15-year net lease with options extending to 2052, providing stability and longevity for investors. The tenant is responsible for all outgoings, including land tax, ensuring minimal financial burden on the property owner. With annual rent increases set to the greater of CPI or 3%, the lease structure is favorable for consistent income growth over time.</span><br><br><span style="color:rgb(2, 8, 23);">Opportunities for value enhancement include potential redevelopment options, adaptive reuse possibilities, or extending the childcare service offerings to capture an increasingly competitive market.</span>
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<span style="color:rgb(2, 8, 23);">This strategic property is located at 22 Kauri Street, Cooroy, within the idyllic Noosa Hinterland, just 15 kilometers west of the renowned coastal region of Noosa. The site benefits from its proximity to major retail and commercial amenities, with an array of national tenants such as IGA, BP, and Mitre 10 nearby. Furthermore, the area is well-serviced by schools, lying just 250 meters from Cooroy State School, which has over 460 enrolments, and within a kilometer of other prominent educational institutions like Noosa District High School and Noosa Christian College. The substantial residential growth in the region—forecasted to increase the population by 33% to over 500,000 by 2041—demonstrates the area's strong demand for childcare services.</span>
Additional Location Information FileCurrent tenants are long term and awesome.<br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">List item 1</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">List item 2</span></p></li></ul>
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(45, 45, 40);"><p style="padding-left:0px;display:inline;background-color:rgb(245, 247, 250);"><span style="color:rgb(45, 45, 40);font-weight:normal;background-color:rgb(255, 255, 255);font-style:normal;">Annual Rent: </span><span style="color:rgb(45, 45, 40);background-color:rgb(255, 255, 255);font-weight:normal;font-style:normal;">$168,233</span></p></li><li style="list-style-image:none;color:rgb(45, 45, 40);"><p style="padding-left:0px;display:inline;background-color:rgb(245, 247, 250);"><span style="color:rgb(45, 45, 40);font-weight:normal;background-color:rgb(255, 255, 255);font-style:normal;">Start: </span><span style="color:rgb(45, 45, 40);background-color:rgb(255, 255, 255);font-weight:normal;font-style:normal;">June 14, 2022</span></p></li><li style="list-style-image:none;color:rgb(45, 45, 40);"><p style="padding-left:0px;display:inline;background-color:rgb(245, 247, 250);"><span style="color:rgb(45, 45, 40);font-weight:normal;background-color:rgb(255, 255, 255);font-style:normal;">Options: </span><span style="color:rgb(45, 45, 40);background-color:rgb(255, 255, 255);font-weight:normal;font-style:normal;">Three 5-year options to 2052</span></p></li></ul>
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Rental comparisons are: - Suburb: $36 sqm - Similar Business: $45 sqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Established childcare investment with strong fundamentals.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">15-year net lease until June 2038.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Three options for five-year extensions to 2052.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Annual rent increases: CPI or 3%, whichever greater.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Tenant responsible for all outgoings, including land tax.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Operational since 1988 with 63 licensed childcare places.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">2,028sqm site within Cooroy's retail and medical precinct.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">250m from Cooroy State School; proximity to major schools.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Located 15km west of affluent Noosa region.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Net income of $168,233 per annum, plus GST.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Strong population growth forecast for Sunshine Coast.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Zoned: Community Facilities under Noosa Council Planning.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Ten on-site car spaces available for convenience.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">High visibility with direct Kauri Street frontage.</span></p></li><li style="list-style-image:none;margin-inline-start:30px;"><p style="display:inline;"><span style="color:rgb(2, 8, 23);padding-left:0px;margin-inline-start:30px;font-weight:normal;font-style:normal;">Solid tenant profile and desirable location enhance demand.</span></p></li></ul>
