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Exclusive Eastern Suburbs Childcare

61 Milroy Avenue, Kensington 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
Double-storey facility with service approval for 56 LDC places
Superb 709 sqm corner site providing direct access to the Eastern Distributor and only 4.5km from the CBD
Net Income: $245,928 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.

Chifley NSW, 36 Burke Street
Vaucluse NSW, 5 Billong Avenue
Maroubra NSW, 91 Paine Street
South Coogee NSW, 158 Moverly Road

Property Details

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

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

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