20 Year Triple Net Lease to Australia’s Largest ASX Listed Operator
26 Olympic Avenue , Mount Clear VIC
Property Highlights
Description
+ Secure 20 year triple net lease to G8 Education to 2037
+ Three further Ten year options to 2067
+ G8 Education Ltd (ASX:GEM): Australia’s largest listed child care provider, $1.09b* market cap, educating more than 58,000 children daily across 470+ locations
+ Fixed 3% annual rent increases
+ Tenant pays 100% of outgoings including: all maintenance (capex & structural), rates, land tax, insurance and management fees
+ Purpose-built 860sqm childcare centre constructed 2017, licensed for 126 LDC places.
+ Large 2,805sqm corner site, located 540 metres from four schools and only 5.4 kilometres from Ballarat’s commercial centre.
+ Ballarat: one of Australia’s fastest growing regional cities, projected 19% population growth by 2026.
+ 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: $278,984* pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 June 2022
Crown Casino – River Room
* Approx.
**Mitchell Institute, Australian Investment in Education: Early Learning.
Property Details