Affordable Childcare Investment Leased to G8 Education
24-26 Walter Street , CRANBOURNE VIC
Description
Secure 10 year leases to G8 Education to 2024.
Three generous 10 year options to 2054.
G8 Education Ltd: largest ASX listed child care provider with over 450 centres nationally.
Modern 460 sqm purpose-built facility.
Service approval for 65 LDC places.
Annual rent reviews plus market reviews every five years.
Tenant pays all outgoings including land tax.
Current rental significantly below market with substantial rental uplift expected at market review in 2019.
Strategic 1,717 sqm site with direct access to the South Gippsland Highway and within close proximity to Cranbourne train station and the Coles and Woolworths anchored Cranbourne Park Shopping Centre.
Rent: $89,187 pa.
Auction 11am Wednesday 14 September 2016
Crown Conference Centre, 25 Whiteman Street
Southbank Melbourne, Opposite Crown Towers
Property Details