Net Lease to G8 Education. Affluent high growth Sydney West.
- Type of sale |
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.70 billion.
Highly desirable CPI + 1% annual rental increases plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growth.
Tenant pays all usual outgoings, as per leases.
Long established and proven businesses.
Ideally located within one of Australia,™s largest growth corridors.
Predominantly a ,young family, location with above average infant numbers.
35% higher ratio of 0-4 yr old infants than NSW average.
To be sold individually.
- 2 Clontarf Ave, Harrington Park:
Secure 10 year lease until April 2024 plus 5 + 5 + 5 year options extending to 2039.
Large 1,644 sqm site with 16 car spaces.
Zoning prevents any further competing centres in area.
Easily managed single tenant investment.
Net Income: $156,212 pa + GST.
- Land area |
- 1644m² approx.
- Building area |
- Tenant |
- Childcare Centre
- Keywords |