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Impressive Childcare Investment

2 Balhannah Road, Hahndorf SA

Property Highlights

15 year lease to G8 Education to 2029

G8: ASX listed with 480+ centres

4% rent increases + ratchet provisions

Description

Long 15 year lease to G8 Education Limited to June 2029
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.7 billion
Three further 5 year options to June 2044
Fixed 4% annual rental increases, plus ratchet provisions at market review (i.e. rent cannot reduce) ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Well-maintained facility licensed for 79 LDC places
Central 1,740 sqm site metres from two Primary Schools and only 100 metres from the junction with Mount Barker Road
Hahndorf: long established and desirable Adelaide Hills location, 28km and easy commuter distance from the CBD, via the South Eastern Fwy
Net Income: $177,728 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,740 SQM
Gross Building Area
1 SQM

Contact Agents

Adam Thomas

0418 998 971

Natalie Couper

0413 856 983

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