Largest ASX Listed Childcare Provider
80-88 Ballan Road, WERRIBEE VIC
Renewed 5 year lease to G8 Education to 2020.
Two further 5 year options to 2030.
G8 Education Ltd: largest ASX listed child care provider with over 450 centres nationally.
Tenant pays all usual outgoings including land tax.
Annual rent reviews plus market reviews at options.
Modern purpose-built facility, licensed for 131 places.
Strong underlying business acquired by G8 Education in 2011.
Prominent 3,000 sqm main road site with 88 metre street frontage.
Wyndham City: one of the largest growth areas in Australia and expected to grow by a further 377,000 residents and with an additional 164,000 jobs over the next 30 years.
Net Income: $279,125 pa (January 2017).
Auction 11am AEDT Wednesday 26 October 2016
River Room, Crown Casino, Melbourne