Large Dual Building Centre, Leased to December 2022 + Options to 2027 – ASX Listed Tenant G8 Education

5-9 Monarch Drive, Deception Bay QLD

Property Highlights

Leased to 2022 + options

G8 Education operating since 2012

Annual fixed increases 3%

Description

Leased to December 2022 + options to 2027
G8 Education operating from property since 2012
Annual fixed increases 3%
Current term being second option (excercised 2017), centre opened 2007
Ratchet provisions at market review meaning rent cannot decrease
Huge 5,730 sqm land area with 988 sqm building area (incl. vernadahs)
Large dual building centre approved for 118 places
Bank Guarantee – 3 months rent + GST
Tenant pays all outgoings as per lease, incl. management fees (excl. land tax)
Net Income: $176,675 pa + GST (as at Dec. 2018)

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
5,730 SQM
Gross Building Area
988 SQM

Contact Agent

Jamie Dewe

+610 410 350273

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