New 15 year lease to G8 Education to 2031.
Three further 5 year options to 2046.
G8 Education Ltd: largest ASX listed child care provider with over 450 centres nationally.
Highly desirable 4% annual rental increases with ‘ratchet’ provision at market review ensuring guaranteed rental growth.
Tenant pays all outgoings including land tax and management fees.
Immaculate 844 sqm purpose-built facility licensed for 124 places.
Substantial 3,031 sqm landholding with 30 on-site car spaces.
City of Greater Bendigo: Victoria’s largest inland city with a current population of 112,853 and forecast to grow to over 134,000 (18.7% increase) by 2026. Source ABS.
Attractive taxation depreciation benefits.
Net Income: $301,600 pa (March 2017).
For more details, please email agent