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New 10 Year Net Lease Childcare Investment | Leased to ASX Listed G8 Education

17 Approach Road , Banyo QLD

Property Highlights

10 Year Net Lease + Options to 2046
Fixed 3% annual rent increases
Substantial 2,046 sqm site
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Description

+ Brand new 10 year net lease to G8 Education to 2031
+ Three further 5 year options to 2046
+ G8 Education (ASX:GEM): Australia’s largest ASX-listed childcare provider, with 470+ centres across Australia and Singapore, educating more than 58,000 children every day
+ Attractive 3% annual rent increases
+ Tenant pays all outgoings, including land tax
+ Well-maintained child care facility with service approval for 75 LDC places
+ Substantial 2,096 sqm landholding, only 12 kilometres from the Brisbane CBD
+ Strategic position opposite the Australian Catholic University, 250m from Earnshaw College (P-12) and 750m from the Woolworths-anchored Banyo Shopping Centre Banyo and train station.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $190,000 pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Wednesday 29 September 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
2,096 SQM
Building Area
499 SQM

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