22 Kauri StreetCooroy QLD 4563
Property Details for 22 Kauri St, Cooroy
Last Listing description (August 2023)
Burgess Rawson is pleased to offer to the market Smarty Pants Early Learning located at 22 Kauri Street, Cooroy QLD for sale via our Investment Portfolio Auction 162.
This opportunity has the following key investment highlights:
+ Fifteen (15) year net lease to June 2037
+ Smarty Pants Early Learning: privately owned and operated boutique childcare centre
+ Landlord favourable annual rent increases to the greater of CPI or 3%, with ratchet provisions at market review
+ Tenant pays all outgoings including land tax
+ Long established 63 LDC place childcare centre that has been in operation since 1988
+ Expansive 2,028sqm* site conveniently located within proximity to Cooroy's main retail, medical and commercial precinct featuring numerous national tenants including IGA, QML Pathology, BP, Mitre 10, & Anytime Fitness
+ Strategically positioned 250m* from Cooroy State School (460+ enrolments) and within 1km* of renowned schools - Noosa District High School (1,110+ enrolments) & Noosa Christian College (250+ enrolments)
+ Located just 15km* west of Noosa - a highly desirable affluent coastal region on the Sunshine Coast generating a GRP of $2.96 billion in 2022, growing 8.1% since the previous year^
+ Sunshine Coast: one of Australia's fastest growing regional areas with a population over 377,000 which is forecast to grow to by 33% to over 500,000 by 2041^^
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable childcare, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families (1.2 million) with a child in care^^^
+ Net Income: $162,388 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 3 August 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
^Noosa Shire Council
^^ Sunshine Coast Council
^^^Australian Government - Department of Education | Child Care Subsidy Reform
Property History for 22 Kauri St, Cooroy, QLD 4563
- 20 Aug 2024Sold for $2,820,000
- 03 Aug 2023Sold for $2,710,000
- 05 Jul 2023Listed for Sale Price on Request
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About Cooroy 4563
The size of Cooroy is approximately 27.5 square kilometres. It has 10 parks covering nearly 2.3% of total area. The population of Cooroy in 2011 was 3,459 people. By 2016 the population was 3,770 showing a population growth of 9.0% in the area during that time. The predominant age group in Cooroy is 60-69 years. Households in Cooroy are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cooroy work in a trades occupation. In 2011, 71% of the homes in Cooroy were owner-occupied compared with 72.9% in 2016.
Cooroy has 2,399 properties. Over the last 5 years, Houses in Cooroy have seen a 85.71% increase in median value, while Units have seen a 68.26% increase. As at 31 October 2024:
- The median value for Houses in Cooroy is $1,080,228 while the median value for Units is $516,872.
- Houses have a median rent of $735 while Units have a median rent of $600.
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