SOLD

+ Secure 10 Year Net Lease to G8 Education to 2023
+ Four further 5 year options to 2043
+ G8 Education: Australia’s largest early education provider, educating more than 58,000 children per day across their 470+ centres
+ Long established and successful business acquired by G8 in 2014
+ Tenant pays all (including land tax from 2023) outgoings
+ Modern, purpose-built child care facility with approval for 120 LDC places
+ Desirable 3.5% fixed annual rent increases plus ratchet provisions at the commencement of each further term, thereby ensuring rental growth
+ Current rent below market with Market Review (with ratchet provisions) due in 2023
+ Prominent 2,500 sqm corner site directly opposite the Woolworths-anchored Lakeside Square Shopping Centre and only 200 metres from the Cardinia Road Train Station
+ Positioned within a significant education precinct (15 schools within 3km radius)
+ Cardinia Shire: One of Australia’s largest and fastest growing LGAs with forecast population growth to 200,238 (66% increase) by 2041
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019–20 financial year
+ Net Income: $262,544 pa + GST and Outgoings

Portfolio Auction 139
11am (AEST) Wednesday 23 September