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.
Modern 638 sqm facility, licensed for 90 places.
Prominent 2,000 sqm corner site located 2km from Coles and Kmart anchored Woodgrove SC.
Melton: one of Australia’s largest growth areas with an increase in population of 5,608 (3.9%) in 2014-15.
Net income: $130,020 pa.
Auction 11am AEDT Wednesday 7 December 2016
River Room, Crown Casino, Melbourne
For more details, please email agent