Exceptional Childcare Investment
44 Parkhill Drive, BERWICK VIC
Secure 10 year lease to G8 Education to 2024.
Three generous 10 year options to 2054.
G8 Education Ltd: largest ASX listed child care provider with over 450 centres nationally.
Annual rent reviews plus market reviews every five years.
Current rental significantly below market with substantial uplift expected at market review in July 2019.
Tenant pays all usual outgoings including land tax.
Immaculate 701 sqm facility, licensed for 120 places.
Large 2,874 sqm corner site with combined street frontage of over 115m.
Strategic location metres from both the Monash Freeway and the Princes Highway and 1.5km from Westfield Fountain Gate.
Net income: $186,203 pa.