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Exclusive Eastern Suburbs Childcare

5 Billong Avenue, Vaucluse NSW

Property Highlights

Secure 10 + 10 + 10 + 10yr lease to G8

G8: ASX listed with 450+ Centres

Annual reviews with ratchet provisions

Description

Secure 10 year lease to G8 Education Limited to 2024
Three further 10 year options to 2054
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48billion
Annual rent reviews plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Single-level facility with service approval for 36 LDC places
Prominent 708 sqm elevated corner site at the junction with Old South Head Road and only 6.5km from the CBD
Net Income: $158,096 pa

Auction commencing 11am AEST Tuesday
16 May 2017, Doltone House Hyde Park, Sydney

This property is offered as part of a Portfolio of 5 Childcare Investments with the additional 4 in the following locations; To Be Sold Separately.

Maroubra NSW, 91 Paine Street
Chifley NSW, 36 Burke Street
Kensington NSW, 61 Milroy Avenue
South Coogee NSW, 158 Moverly

Property Details

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

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

Request Information

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