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Outstanding Childcare Investment Leased to G8 Education

466 Sayers Road, TARNEIT VIC

Description

Secure 10 year leases 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.
Substantial 904 sqm purpose built facility.
Service approval for 127 LDC places.
Annual rent reviews plus market reviews every five years.
Tenant pays all outgoings including land tax.
Current rental significantly below market with substantial rental uplift expected at market review in 2019.
High profile 2,919 sqm dual frontage site adjoining both Thomas Carr College and St Francis of Assisi Primary School and 400 metres from the Coles and Aldi anchored Wyndham Village Shopping Centre.
Rent: $183,633 pa.

Auction 11am Wednesday 14 September 2016
Crown Conference Centre, 25 Whiteman Street
Southbank Melbourne, Opposite Crown Towers

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,919 SQM
Gross Building Area
904 SQM

Contact Agent

Adam Thomas

+610 418 998971

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