SOLD
SOLD
SOLD
SOLD
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SOLD
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SOLD

Highly Sought After Childcare Investment

15-19 White Street, Kilmore VIC

Property Highlights

15 yr lease to G8 Education to 2031

G8: ASX listed with 450+ centres

4% rent increases w ratchet provisions

Description

Secure 15 year lease to G8 Education Limited
G8 Education Ltd: largest ASX listed childcare provider with over 480 centres nationally and a market cap of $1.48 billio
Three further 5 year options to 2046
Highly desirable 4% annual rental increases plus ‘ratchet’ provisions (i.e. rent cannot reduce) at market review, ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Well presented child care facility licensed for 60 places
Substantial 2,540 sqm corner site opposite Kilmore Leisure Centre and 450 metres from both Kilmore and St Patrick’s Primary Schools
Long established and proven businesses acquired and recently upgraded by G8 Education
Easily managed, single tenanted investments
Net income: $114,400 pa + GST

Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,606 SQM
Gross Building Area
1 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

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