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Outstanding Childcare Investment Leased to G8

79 Foleys Road, Deer Park VIC

Property Highlights

Secure 10 + 10 + 10 yr lease to 2042
G8: ASX listed with 450+ centres
Fixed 4% annual rent increases

Description

Secure 10 year lease to G8 Education 2022
Two further 10 year options to 2042
G8 Education Ltd: largest ASX listed child care provider with over 480 centres nationally and a market cap of $1.48 billion
Highly desirable 4% annual rental increases
Modern 613 sqm purpose-built childcare facility licensed for 90 LDC places
Tenant pays all usual outgoings
Prominent 2,272 sqm main road site only 650 metres from the Coles anchored Derrimut Village Shopping Centre and 750 metres from Deer Park Railway Station
Strategic high-growth location with Melbourne’s booming western growth corridor and only 17km from the CBD
Net Income: $216,369 pa + GST (July 2017)

Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,272 SQM
Building Area
613 SQM

Contact Agents

Adam Thomas

+610 418 998971

Contact Me

Natalie Couper

+610 413 856983

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