Entry Level Childcare Investment to ASX Listed Tenant

54-56 Ray Street, Castlemaine VIC

Property Highlights

Net lease to G8 Education to 2027
ASX listed with 470+ centres
Strong business with high occupancy
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Description

+ G8 Education: Australia’s largest ASX-listed early education provider, educating more than 58,000 children per day across their 470+ centres
+ Tenants pay all outgoings including: maintenance, land tax, rates, insurances and management fees
+ Annual CPI reviews
+ Purpose-built child care centre licensed for 70 LDC places with recent capital upgrade
+ Located within Regional Victoria and eligible for 50% stamp duty concession
+ Castlemaine: popular tree change location within easy access of Melbourne’s CBD
+ Mount Alexander Shire: Home to 19,754 people, supporting 7,099 jobs and an annual economic output of $2.318 billion
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019/20 financial year
+ Net Income: $106,594 pa + GST

For Sale for Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021

Also available for sale within the Portfolio:
382 Main Street, Bairnsdale VIC
https://bit.ly/3sYRaVP

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,422 SQM
Building Area
1 SQM

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