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Established Childcare Facility Leased to ASX listed – G8

29 Hudson Circuit, Meadow Heights VIC

Property Highlights

10 Yr lease to G8 + options to 2043

G8 Education - ASX listed 500+ centres

Significant $300k capital upgrade

Description

10 year lease to G8 Education to 2023 + options to 2043
G8 Education Ltd: largest ASX listed child care provider with over 500 centres across Australia and Singapore
Annual CPI reviews plus market review at option
Tenant pays all usual outgoings
Modern 809 sqm childcare facility licensed for 143 LDC places
Significant $300,000 capital upgrade recently completed by tenant
Substantial 3,543 sqm site located within established residential precinct, opposite both Meadow Heights Shopping Centre and Meadow Heights Primary School
Strategic capital growth location within Melbourne’s rapidly evolving northern suburbs and only 17km from the CBD
Net Income: $260,002 pa + GST and Outgoings

Auction 11am AEST Wednesday 1 August 2018
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,543 SQM
Gross Building Area
809 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

0413 856 983

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