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Highly Desirable Childcare Investment

19 Fourth Avenue, CONDELL PARK NSW, 2200

Sold

Property Sold in 19 Fourth Avenue, CONDELL PARK NSW, 2200

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11245193
Status:
Sold
Price:
Price on Request
Last Updated:
22/07/2019
Icon building

Property Type

Medical/Consulting/Offices/Retail
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Land Area

766 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

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

For more details, please email agent


Downloadable File(s)

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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