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Exclusive Eastern Suburbs Childcare

36 Burke Street, Chifley NSW

Property Highlights

Secure 10 + 10 + 10 + 10yr lease to G8
G8: ASX listed with 450+ Centres
Annual reviews with ratchet provisions

Description

Secure 10 year lease to G8 Education Limited to 2024
Three further 10 year options to 2054
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48billion
Annual rent reviews plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Single-level facility with service approval for 36 LDC places
Opposite both Chifley Public School and Matraville High School
Prominent 531 sqm corner site providing immediate access to Anzac Parade and only 11km from the CBD
Net Income: $131,747 pa

Auction commencing 11am AEST Tuesday
16 May 2017, Doltone House Hyde Park, Sydney

This property is offered as part of a Portfolio of 5 Childcare Investments with the additional 4 in the following locations; To Be Sold Separately.

Maroubra NSW, 91 Paine Street
Vaucluse NSW, 5 Billong Avenue
Kensington NSW, 61 Milroy Avenue
South Coogee NSW, 158 Moverly Road

Property Details

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

Contact Agents

Adam Thomas

+610 418 998971

Contact Me

Natalie Couper

+610 413 856983

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