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Highly Sought After Childcare Investment

14 Mummery Crescent, Bunbury WA

Property Highlights

15yr lease to G8 Education to 2029

G8: ASX listed with 480+ centres

4% rent increases + ratchet provisions

Description

Long 15 year lease to G8 Education to 2029
Two further 5 year options to 2039
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.38 billion
Minimum 4% annual rental increase plus ‘ratchet’ provisions at market review ensuring guaranteed rental growth
Modern, purpose-built facility licensed for 72 LDC places
Tenant pays all usual outgoings including management fees
Strategic 1,978 sqm site only 600 metres from Woolworths, Coles and Big W anchored Bunbury Forum Shopping Centre
Bunbury: located 175km south from the Perth CBD, with a catchment of over 76,000 residents and forecast to grow to over 100,000 by 2031
Net Income: $172,104 pa (June 2017) + GST

Auction 11am AEST Tuesday 27 June 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,978 SQM
Gross Building Area
1 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

Rob Selid

0412 198 294

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