Secure Lease to ASX-Listed G8 Education

93B & C/314-360 Childs Road,, Mill Park VIC

Property Highlights

13 year lease + options to 2055
ASX listed tenant
2,410 sqm Commercial 1 Zone site


93B – Childcare Facility
+ 13 year lease G8 Education to 2035
+ Two further ten year option to 2055
+ G8 Education Ltd (ASX:GEM): Australia’s largest listed childcare provider, educating more than 58,000 children daily
+ Recently constructed child care facility licensed for 112 LDC places
+ Annual CPI rent reviews
+ As new fit-out with significant depreciation benefits
+ Located directly opposite both St Francis Primary School and Mill Park Secondary College with 2,500+ full time students
+ Net Income: $259,000

93C – DA Approved Play Centre
+ 640sqm premises with DA approval for a play centre
+ Frontage and direct access to 767 car parks
+ Estimated Net income: $96,000

+ Substantial 2,410sqm “Commercial 1 Zone” site only 18km from the Melbourne CBD.
+ Strategic location within Woolworths-anchored “The Stables” Shopping Centre. Ideally positioned with exposure to 19,500 + vehicles passing daily and within 950 metres from Plenty Road, a major arterial connecting the north eastern suburbs of Melbourne to the CBD.
+ 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
+ Estimated Fully Let Net Income: $354,961 pa + GST

Fo Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

*Mitchell Institute, Australian Investment in Education: Early Learning.

Property Details

Current Tenant
Occupancy Type
Land Size
2,410 SQM
Building Area
2,410 SQM

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