SOLD
61 Milroy Avenue, Kensington, NSW 2033
Exclusive Eastern Suburbs Childcare
Secure 10 year lease to G8 Education Limited to 2024
Three further 10 year options to 2054
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48billion
Annual rent reviews plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Double-storey facility with service approval for 56 LDC places
Superb 709 sqm corner site providing direct access to the Eastern Distributor and only 4.5km from the CBD
Net Income: $245,928 pa
Auction commencing 11am AEST Tuesday
16 May 2017, Doltone House Hyde Park, Sydney
This property is offered as part of a Portfolio of 5 Childcare Investments with the additional 4 in the following locations; To Be Sold Separately.
Chifley NSW, 36 Burke Street
Vaucluse NSW, 5 Billong Avenue
Maroubra NSW, 91 Paine Street
South Coogee NSW, 158 Moverly Road
Three further 10 year options to 2054
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48billion
Annual rent reviews plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Double-storey facility with service approval for 56 LDC places
Superb 709 sqm corner site providing direct access to the Eastern Distributor and only 4.5km from the CBD
Net Income: $245,928 pa
Auction commencing 11am AEST Tuesday
16 May 2017, Doltone House Hyde Park, Sydney
This property is offered as part of a Portfolio of 5 Childcare Investments with the additional 4 in the following locations; To Be Sold Separately.
Chifley NSW, 36 Burke Street
Vaucluse NSW, 5 Billong Avenue
Maroubra NSW, 91 Paine Street
South Coogee NSW, 158 Moverly Road
Property Info
Municipality
Kensington
AUCTION
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