Secure 10 year lease to G8 Education to 2024.
Three generous 10 year options to 2054.
G8 Education Ltd: largest ASX listed child care provider with over 450 centres nationally.
Annual rent reviews plus market reviews every five years.
Current rental significantly below market with substantial uplift expected at market review in July 2019
Tenant pays all usual outgoings including land tax.
Well maintained 341 sqm facility, licensed for 63 places.
High profile 2,532 sqm site (over two titles) located 350m from the Mornington Peninsular Freeway and 1.2km from Rosebud Plaza (Coles, Target, Woolworths and Kmart plus over 60 specialties).
Net income: $105,053 pa (including $14,040 from adjoining residence).
Auction 11am AEDT Wednesday 7 December 2016
River Room, Crown Casino, Melbourne
For more details, please email agent