Strong Trading Childcare Investment | Net Lease to ASX Listed Giant
148-156 Jetty Road , Curlewis VIC
Burgess Rawson is pleased to offer to the market, 148-156 Jetty Road, Curlewis VIC for sale by Private Treaty.
This opportunity has the following key investment highlights:
+ Net lease to 2028 plus three 10 year options to 2058
+ G8 Education Ltd (ASX: GEM): Australia’s largest ASX listed childcare provider, with 430+ centres across Australia and Singapore, educating more than 58,000 children every day
+ Attractive 3% annual rent increases
+ Tenant pays all usual outgoings
+ Purpose-built 825 sqm* childcare facility, licensed for 93 LDC places
+ Prime 3,365 sqm* site 400 metres from Clifton Springs Primary School (445 total enrolments) and 500 metres from Woolworths anchored Shopping Centre
+ Located 14km* from the Geelong CBD & within a rapidly expanding suburb of the Bellarine Peninsula
+ City of Geelong: 97% increase in median house price since 2013^
+ 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 child care, 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 with a child in care^
Net Income: $356,381 pa* + GST
For Sale by Private Treaty.
Please contact the exclusively appointed Burgess Rawson team for more information.
^City of Greater Geelong