SOLD
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Highly Sought-After Childcare Investment

66 Conrad Road, Kellyville Ridge NSW

Property Highlights

15 year lease to G8 Education to 2024

G8: ASX listed with 480+ centres

4% rent increases + ratchet provisions

Description

Secure 15 year lease plus options to G8 Education to 2029
Two further 5 year options to September 2039
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.38 billion
Highly desirable 4% annual rental increases plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Purpose-built child care facility licensed for 36 places
Substantial 932 sqm site only 600 metres from the ALDI, Coles and Kmart anchored Stanhope Village Shopping Centre
Long established and proven business acquired by G8 Education
Net Income: $101,237 pa + GST

Auction 11am AEST Tuesday 27 June 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property Details

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

Contact Agents

Natalie Couper

+610 413 856983

Adam Thomas

+610 418 998971

Michael Vanstone

0403 580 528

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