SOLD
19 Fourth Avenue, Condell Park, NSW 2200
Highly Desirable Childcare Investment
Secure 15 year lease plus options to G8 Education to 2029
Two further 5 year options to September 2039
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.38 billion
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 33 places
Prominent 766 sqm corner site within an established residential precinct and only 19km south-west from Sydney’s CBD
Long established and proven business acquired by G8 Education
Net Income: $94,099 pa + GST
Auction 11am AEST Tuesday 27 June 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney
Two further 5 year options to September 2039
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.38 billion
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 33 places
Prominent 766 sqm corner site within an established residential precinct and only 19km south-west from Sydney’s CBD
Long established and proven business acquired by G8 Education
Net Income: $94,099 pa + GST
Auction 11am AEST Tuesday 27 June 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney
Property Info
Municipality
Condell Park
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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