20 Year Triple Net Lease to ASX Listed – G8 Education

15-17 Stitt Street, Innisfail QLD

Property Highlights

20 + 10 Year Triple Net Lease
Minimum 3% pa rent increases
ASX listed tenant

Description

+ Highly sought-after 20 + 10 Year Triple Net Lease to G8 Education Ltd to 2047
+ G8 Education Ltd: largest ASX listed early education provider with 470+ centres across Australia and Singapore
+ Triple Net Lease terms – Tenant pays all outgoings including all maintenance (both capital and structural) insurances, rates and Land Tax (multiple holding)
+ Minimum 3% pa rent increases with ‘ratchet’ provisions at Market Review ensuring guaranteed rental growth
+ Large 1,829 sqm corner site
+ Modern 709 sqm child care facility over two levels, licensed for 75 LDC places
+ Innisfail: commercial service centre of the Cassowary Coast Regional Council
+ Net Income: $127,308 pa (Jan 2020)

For Sale by Auction
11am Wednesday 11 December 2019
Crown Casino, River Room, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,829 SQM
Building Area
709 SQM

Contact Agents

Adam Thomas

0418 998 971

Contact Me

Natalie Couper

0413 856 983

Jamie Dewe

0410 350 273

Doug Doyle

0400 564 623

Stay up to date with our latest portfolio auctions & insights