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Highly Sought After Childcare Investment

4 Richland Street, KINGSGROVE NSW, 2208

Sold

Property Sold in 4 Richland Street, KINGSGROVE NSW, 2208

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11227733
Status:
Sold
Price:
Price on Request
Last Updated:
22/07/2019
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Property Type

Medical/Consulting/Offices/Retail
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Land Area

N/A
Icon size

Floor Area

1 SQM
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Parking

N/A

Highly Sought After Childcare Investment

15 year lease to G8 Education to February 2029
Minimum 4% annual rental increase plus ‘ratchet’ provisions at market review ensuring guaranteed rental growth
G8 Education Ltd: largest ASX listed child care provider with over 450 centres nationally and a market cap of $1.48 billion
Two further 5 year options to 2039
Well maintained facility licensed for 35 places
Tenant pays all usual outgoings including management fees
Easily managed, single tenanted investment
Located with an established residential precinct, 150m from the M5 motorway and 400m from Kingsgrove Train Station
Net income: $118,110 pa + GST

Auction 11am AEST Tuesday 4 April 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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