SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Highly Sought After Childcare Investments

412 Lawrence Street, Wodonga VIC

Property Highlights

15 yr lease to G8 Education to 2029

G8: ASX listed with 450+ centres

4% rent increases w ratchet provisions

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,740 SQM
Gross Building Area
1 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

Request Information

Stay up to date with our latest portfolio auctions & insights