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Affordable Childcare Investment Leased to G8

14 Mummery Crescent, BUNBURY WA, 6230

Sold

Property Sold in 14 Mummery Crescent, BUNBURY WA, 6230

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11306735
Status:
Sold
Price:
Price on Request
Last Updated:
15/07/2019
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Property Type

Medical/Consulting/Retail/Other
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Land Area

1978 SQM
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Floor Area

1 SQM
Icon parking

Parking

N/A

Affordable Childcare Investment Leased to G8

15 year net lease to G8 Education Ltd to 2029 + options to 2039
G8 Education Ltd: largest ASX listed childcare provider with over 500 centres across Australia and Singapore
Fixed 4% annual rental increase plus ‘ratchet’ provisions at market review ensuring rent cannot reduce
Modern purpose-built child care facility licensed for 72 LDC places
Tenant pays all usual outgoings including land tax and management fees
Strategic 1,978 sqm site only 600 metres from the Woolworths and Coles anchored Bunbury Forum Shopping Centre
Bunbury: located 175km south from the Perth CBD, with a catchment of over 76,000 residents and forecast to grow to over 100,000 by 2031
Net Income: $178,988 pa + GST and outgoings

Auction 11am AEST Wednesday 1 August 2018
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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