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20 Year Triple Net Lease to ASX Listed - G8 Education

15-17 Stitt Street, INNISFAIL QLD, 4860

Sold

Property Sold in 15-17 Stitt Street, INNISFAIL QLD, 4860

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

  • Profile placeholder
  • Jamie Dewe
  • Profile placeholder
  • Doug Doyle
Listing ID:
11368915
Status:
Sold
Price:
Price on request
Last Updated:
16/01/2020
Icon building

Property Type

Retail/Medical/Consulting/Other
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Land Area

1829 SQM
Icon size

Floor Area

709 SQM
Icon parking

Parking

N/A

20 Year Triple Net Lease to ASX Listed - G8 Education

+ Highly sought-after 20 + 10 Year Triple Net Lease to G8 Education Ltd to 2047

+ G8 Education Ltd: largest ASX listed early education provider with 470+ childcare centres across Australia and Singapore

+ Triple Net Lease terms - Tenant pays all outgoings including all maintenance (both capital and structural) insurances, rates and Land Tax (multiple holding)

+ Minimum 3% pa rent increases with ‘ratchet’ provisions at Market Review ensuring guaranteed rental growth

+ Large 1,829 sqm corner site

+ Modern 709 sqm child care facility over two levels, licensed for 75 LDC places

+ Innisfail: commercial service centre of the Cassowary Coast Regional Council

+ Net Income: $127,308 pa (Jan 2020)


For Sale by Auction

11am Wednesday 11 December 2019

Crown Casino, River Room, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

  • Profile placeholder
  • Jamie Dewe
  • Profile placeholder
  • Doug Doyle

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