High Occupancy Childcare Investment | Leased to ASX Listed G8 Education
174 Jobs Gully Road, Bendigo VIC
Property Highlights
Description
+ Secure 15 year net lease to G8 Education to 2031
+ Three further 5 year options to 2046
+ G8 Education Ltd (ASX:GEM): Australia’s largest listed childcare provider, educating more than 58,000 children daily
+ Attractive 4% annual rent increases, plus ‘ratchet’ provisions at market review, guaranteeing rental growth
+ Strong trading business with consistent occupancy of 95%
+ Tenant pays all outgoings including land tax and management fees
+ As new purpose-built child care facility, licensed for 124 LDC places
+ Substantial 3,031 sqm landholding with 30 on-site car spaces
+ Bendigo: One of Victoria’s largest inland Cities with a resident population forecast to grow to over 155,000 by 2036
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $352,829 pa + GST
For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021
*Mitchell Institute, Australian Investment in Education: Early Learning.
Property Details
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