|
|
Property Portfolio
Direct Property as at 31 December 2011
| Number of
Properties: |
51 |
| Total Direct Property: |
$86.1 million
|
| Weighted Average Property
Yield: |
9.4% |
|
Weighted Average Lease Expiry: |
8.4 years |
| Geographical Location: |
Australia |
Summary of Direct Property Portfolio
|
|
|
49 Early Learning Centres - leased to
6 Individual Operators
Self Storage Facility, Glen Iris, Victoria –
leased to Guardian Storage
Medical Centre, Melton, Vic – leased to Primary
Health Care
|
Early Learning Portfolio
|
Value as at 31 December
2011
|
Value range, $0.5 million - $2.6
million. The average value of a childcare property is $1.4
million
|
|
Number of licensed
places
|
45-167 places per childcare property. Average
number of places per centre 85
|
|
Lease Term and Options
|
Initial lease term of 10 years. One option of
10 years
|
|
Net Annual Rental
|
$50,000 - $247,000 per annum with an average
rent per licensed childcare place of approximately $1,565 per
annum
|
|
Rent Reviews
|
Annually to CPI
|
|
Passing Yield as at
31 December 2011
|
Ranges 7.8% - 11.8%. The weighted
average passing yield is 9.4%
|
|
Outgoings
|
Payable by the lessee including maintenance
and capital repairs
|
|
Bank Guarantees
|
The total value of the bank guarantees held by
the Fund as at 31 December 2011 is $4.5 million
|
|
Zoning
|
Residential or Business zones
|
|
Land Area
|
Ranges between 1,195m2 and 13,780m2 with the
average land area being approximately 3,160m2
|
|
Building Size
|
Range 300m2 - 700m2. A number of the
childcare properties have multiple buildings per site
|
List of Childcare Properties
| State |
Suburb |
Street Address |
| NSW |
Anna Bay |
10 Clark Street |
| NSW |
Estella, Wagga Wagga |
20 Avocet Drive |
| NSW |
Gunnedah |
103 Bloomfield Road |
| NT |
Darwin/ Stuart Park |
2 Bishop Street |
| NT |
Palmerston (Durack) |
205 Wishart Rd |
| QLD |
Ashgrove |
22 Trout Street |
| QLD |
Aspley |
792 Zillmere Road |
| QLD |
Bargara |
115 Hughes Road |
| QLD |
Boondall |
73 Zillmere Road |
| QLD |
Bribie Island |
20-22 Orara Avenue |
| QLD |
Burleigh Waters |
Cnr Christine Ave & Silvabank Dve |
| QLD |
Cairns, Mt Sheridan/Forest Gardens |
Lot 700 Benjamina Street |
| QLD |
Capalaba |
13 Almara Street |
| QLD |
Capalaba |
39 Holland Crescent |
| QLD |
Carindale |
86 Bridgnorth Street |
| QLD |
Crestmead/Marsden |
Cnr Third Ave & Browns Plains Rd |
| QLD |
Ellen Grove |
10 Forest Lake Boulevard |
| QLD |
Gaven |
2 Manra Way |
| QLD |
Gladstone |
11 Beak Street |
| QLD |
Helensvale |
111 Mildura Drive |
| QLD |
Helensvale |
106 Helensvale Road |
| QLD |
Inala/Richlands |
55-57 Poinsettia Street |
| QLD |
Indooroopilly |
26 Witton Road |
| QLD |
Jindalee |
102 Burrendah Road |
| QLD |
Kallangur |
1517 Anzac Avenue |
| QLD |
Kallangur |
52 Duffield Road |
| QLD |
Kirwan |
14 & 16 Burnda St (Townsville) |
| QLD |
Kirwan (Willows) |
104 Golf Links Drive (Townsville) |
| QLD |
Labrador |
120 Olsen Avenue |
| QLD |
Manly West |
186 Preston Road |
| QLD |
Monterey Keys |
Cnr Monterey Keys Dr & Helensvale Rd |
| QLD |
Northlakes (2) |
Lot 723 College Street |
| QLD |
Pacific Pines/Gaven |
54 Santa Isobel Drive |
| QLD |
Pullenvale |
Lot 29 Bainbridge Drive Cnr McCaskill |
| QLD |
Redcliffe (1) |
39 Ashmole Street |
| QLD |
Redcliffe (2) |
33 William Street |
| QLD |
Regents Park/Browns Plains |
18-20 Redgum Drive |
| QLD |
Tarragindi |
43 Pope Street |
| QLD |
Thornlands |
39 Osprey Drive |
| QLD |
Tingalpa |
18 Bognor Street |
| QLD |
Townsville, Riverside Grdns (I) |
Lot 1163 Riverside Boulevard |
| QLD |
Upper Coomera |
10 Jemima Place |
| QLD |
Victoria Point |
116 Benfer Road |
| QLD |
Wishart |
8 Boyanda Street |
| SA |
Mawson Lakes |
Cnr Sanderling Way and Avocet Drive |
| Vic |
Eltham |
816 Main Road |
| WA |
Baldivis, Woodleigh Grove |
Lot 10, Eighty Road |
| WA |
Canning Vale |
145 Campbell Road |
| WA |
Warnbro |
26 Okehampton Road |
Commercial Portfolio
|
|
247-251 Station Road, Melton, Victoria
|
2A York Road, Glen Iris, Victoria
|
|
Lessee
|
Idameneo (No. 123) Pty Ltd, a wholly owned
subsidiary of Primary Health Care Limited
|
Guardian Storage Pty Ltd
|
|
Building Size
|
2,160 sqm
|
7,150 sqm
|
|
Lease Commencement Date
|
5 August 2005
|
1 May 2004
|
|
Initial Lease Term
|
10 Years
|
15 Years
|
|
Option Term
|
Three options, each of 5 years duration
|
Two options, each of 5 years duration
|
|
Rent Reviews
|
Annual
|
Annual
|
|
Basis of Rent Review
|
Fixed 3%
|
CPI, not less than 2%, not more than 4.5%
|
|
Outgoings Payable by
Lessee
|
Council Rates
Water Rates
Land Tax (single holding basis)
|
Council Rates
Water Rates
Land Tax (single holding basis)
|
|
Bank Guarantee/Guarantor
|
Guarantor - Primary Health Care Limited
|
Bank guarantees equal to 6 months rental
|
|
Market Yield
|
8.5%
|
9.5%
|
|
|