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Highly Successful Childcare Investment

46 Wellington Road, MOUNT BARKER SA, 5251

Sold

Property Sold in 46 Wellington Road, MOUNT BARKER SA, 5251

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11245269
Status:
Sold
Price:
Price on Request
Last Updated:
18/03/2020
Icon building

Property Type

Medical/Consulting/Retail/Offices
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Land Area

3345 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

Highly Successful Childcare Investment

Long 15 year lease to G8 Education Limited to June 2029
G8 Education Ltd: largest ASX listed early education provider with over 480 centres nationally and a market cap of $1.38 billion
Three further 5 year options to June 2044
Fixed 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
Modern purpose-built child care facility licensed for 98 LDC places
Large 3,345 sqm main road site within one of South Australia’s fastest growing regions and only 32km south-east from the Adelaide CBD
Long established and proven business recently acquired by G8 Education
Net Income: $205,850 pa + GST

Auction 11am AEST Wednesday 28 June 2017
River Room, Crown Casino, Melbourne

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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