86 Astor Tce, Spring Hill, Brisbane (M143)

Blue-Chip Asset in the City of Brisbane, strong underlying land value A truly unique & rare trophy CBD Brand new 12 year triple net lease to 2033 + options to 2041 Brisbane City Child Care ? highly qualified childcare provider in operation since 2004 Minimum of 3% compounding annual rent increases Triple Net Lease: Tenant pays 100% of outgoings including all maintenance, capex, land tax, rates, electricity, management fees and all insurances Future development upside, potential to build a 15 story high rise (STCA) Licenced for 147 Long Day Care places 17 off street carparks accessed from John Street with 14 being internal and secure plus 4 external 15 minute drop-off bays Desirable 2 street frontages, Astor Terrace & John Street Self-contained 1,303sqm building plus onsite internal secure parking and four levels of childcare accommodation Freehold site area of 816sqm Brisbane?s population is over 2,400,000 and forecast to rapidly increase to 3,180,000 by 2031 Net income: $672,379 pa + GST For Sale by Investment Portfolio Auction 10:30AM (AEDT) Wednesday 31 March 2021 This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.