Affordable Childcare Investment | Secure Net Lease to ASX-Listed Tenant

73-75 Tareeda Way, Ocean Grove VIC

Property Highlights

10 Year Net Lease + options to 2054
ASX listed tenant with 470 centres
Prominent 2,032 sqm site
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Description

+ Secure 10 year net lease to G8 Education to 2024
+ Three 10 year options to 2054
+ G8 Education (GEM): Australia’s largest ASX-listed early education provider, educating more than 58,000 children every day across their 470+ centres
+ Tenant pays all usual outgoings
+ Current rental ($1,523 per place) well below market, with market review due in 2024
+ Well maintained child care centre, licensed for 95 LDC places
+ Prominent 2,032 sqm site within established and rapidly expanding Bellarine Peninsula precinct
+ Located 535 metres from Woolworths anchored Ocean Grove shopping centre and only 900 metres from Ocean Grove’s major sporting and educational precinct including three schools.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and state Governments providing record funding of $10.5 billion to the sector in the 2019/20 financial year
+ Net Income: $144,730 pa + GST

For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,032 SQM
Building Area
576 SQM

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