SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Highly Desirable Childcare Investment

19 Fourth Avenue, Condell Park NSW

Property Highlights

15 yr lease to G8 Education to 2029
G8: ASX listed with 450+ Centres
4% rent increases + ratchet provisions

Description

Secure 15 year lease plus options to G8 Education to 2029
Two further 5 year options to September 2039
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.38 billion
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 33 places
Prominent 766 sqm corner site within an established residential precinct and only 19km south-west from Sydney’s CBD
Long established and proven business acquired by G8 Education
Net Income: $94,099 pa + GST

Auction 11am AEST Tuesday 27 June 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
766 SQM
Building Area
1 SQM

Contact Agents

Adam Thomas

+610 418 998971

Contact Me

Natalie Couper

+610 413 856983

Michael Vanstone

0403 580 528

Stay up to date with our latest portfolio auctions & insights