Impressive Childcare Investment Leased to G8 Education
1-3 Ainslie Place, Smithfield QLD
Property Highlights
Description
Secure 10 year leases to G8 Education Limited to June 2022
G8 Education Ltd: largest ASX listed early education provider with over 500 centres across Australia and Singapore, and with a market cap of $2billion
Highly desirable 4% annual rental increases plus market review at options
Modern 694 sqm child care facility, licensed for 75 places
Tenant pays all usual outgoings including management fees
Substantial 2,885 sqm corner site adjoining new residential development and includes surplus land for potential residential subdivision (STCA)
Well maintained facilities recently upgraded by G8 Education
Strategic location 200 metres from the Coles and Woolworths anchored Smithfield Shopping Centre
Net Income: $180,300 pa + GST
Property Details
Price
Auction