Highly Sought After Childcare Investments
412 Lawrence Street , Wodonga VIC
Property Highlights
Description
Secure 15 year lease to G8 Education Limited
G8 Education Ltd: largest ASX listed childcare provider with over 480 centres nationally and a market cap of $1.48 billion
Four further 5 year options to 2049
Highly desirable 4% annual rental increases plus ‘ratchet’ provisions (i.e. rent cannot reduce) at market review, ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Recently renovated child care facility, licensed for 47 places
Prominent 1,763 sqm site, 1km from the Coles anchored Birralee Village Shopping Centre and 2.5km from Wodonga’s commercial centre
Long established and proven businesses acquired and recently upgraded by G8 Education
Easily managed, single tenanted investments
Net income: $97,344 pa + GST
Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne
Property Details