47-49 Adler Circuit
yarrabilba QLD 4207

-10 Year lease to experienced operator

-Net income $137,500 p.a (outgoings fully recoverable)

-Brand new build with depreciation schedule

-High growth location

The Tenant

Little Snappers is an established operator with facilities in multiple locations and a long track record of success. The 10 year lease term runs until 31/1/2029 with 2 more 5 year options. The tenant has annual rent reviews with guaranteed rental increases, ensuring growth. Further, Little Snappers has a bank guarantee as their security.

Location

Yarrabilba is the perfect location for a swim school as young families flock to the area due to the lifestyle and attractive new builds. There is a lack of land with the flexibility required to build such a swim school which secures this as a popular spot and much needed location for the area.

Yarrabilba is possibly Queensland's fastest growing suburb and is being developed by Lend Lease Communities. When completed, it is expected that the township will have in excess of 50,000 people. There is currently almost 8,000 people and approximately 20,000 in the catchment. At this early stage, it already has two primary schools and a secondary school.

The site is located in Adler Circuit, with direct access to Wongawallen Drive, which is the dominant arterial of the commercial precinct of Yarrabilba. This precinct already has significant development completed or under way. The users include Coles, IGA, McDonalds and Caltex. The site has considerable development underway on all sides, with the closest neighbouring sites having a 2,000sqm day surgery/private hospital, a vet hospital, a 4,000sqm showroom development and a local gymnasium operator. The Yarrabilba township is growing dramatically and the sites with this flexibility are limited.