SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Outstanding Childcare Investment Leased to G8 Education

67 Balmoral Avenue, Springvale VIC

Property Highlights

10 year lease to G8 Education to 2024

Four further 5 year options to 2044

Min 4% rent increases

Description

Secure 10 year lease to G8 Education 2024
Three further 5 year options to 2039
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48 billion
Minimum 4% annual rental increase plus ‘ratchet’ provisions at market review ensuring guaranteed rental growth
Well maintained child care facility licensed for 60 LDC places
Tenant pays all usual outgoings including management fees
Strategic 1,143 sqm corner site opposite the sold out “Carre Residences” – a large scale residential development comprising 239 townhouses
Springvale: highly sought-after and established location 20km south-east from Melbourne’s CBD
Net income: $152,718 pa + GST

Auction 11am AEST Wednesday 5 April 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,143 SQM
Gross Building Area
1 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

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