Highly Successful Childcare Investment
46 Wellington Road , Mount Barker SA
Property Highlights
Description
Long 15 year lease to G8 Education Limited to June 2029
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.38 billion
Three further 5 year options to June 2044
Fixed 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
Modern purpose-built child care facility licensed for 98 LDC places
Large 3,345 sqm main road site within one of South Australia’s fastest growing regions and only 32km south-east from the Adelaide CBD
Long established and proven business recently acquired by G8 Education
Net Income: $205,850 pa + GST
Auction 11am AEST Wednesday 28 June 2017
River Room, Crown Casino, Melbourne
Property Details