SOLD
15-19 White Street, Kilmore, VIC 3764
Highly Sought After Childcare Investment
Secure 15 year lease to G8 Education Limited
G8 Education Ltd: largest ASX listed childcare provider with over 480 centres nationally and a market cap of $1.48 billio
Three further 5 year options to 2046
Highly desirable 4% annual rental increases plus ‘ratchet’ provisions (i.e. rent cannot reduce) at market review, ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Well presented child care facility licensed for 60 places
Substantial 2,540 sqm corner site opposite Kilmore Leisure Centre and 450 metres from both Kilmore and St Patrick’s Primary Schools
Long established and proven businesses acquired and recently upgraded by G8 Education
Easily managed, single tenanted investments
Net income: $114,400 pa + GST
Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne
G8 Education Ltd: largest ASX listed childcare provider with over 480 centres nationally and a market cap of $1.48 billio
Three further 5 year options to 2046
Highly desirable 4% annual rental increases plus ‘ratchet’ provisions (i.e. rent cannot reduce) at market review, ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Well presented child care facility licensed for 60 places
Substantial 2,540 sqm corner site opposite Kilmore Leisure Centre and 450 metres from both Kilmore and St Patrick’s Primary Schools
Long established and proven businesses acquired and recently upgraded by G8 Education
Easily managed, single tenanted investments
Net income: $114,400 pa + GST
Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne
Property Info
Municipality
Kilmore
AUCTION
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Burgess Rawson Melbourne Melbourne
Level 7, 140 Bourke Street
Melbourne, VIC 3000
Tel: 03 9613 0400
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NEARBY PROPERTIES
Adam Thomas
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