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Exclusive Eastern Suburbs Childcare

61 Milroy Avenue, KENSINGTON NSW, 2033

Sold

Property Sold in 61 Milroy Avenue, KENSINGTON NSW, 2033

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11236716
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

709 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

Exclusive Eastern Suburbs Childcare

Secure 10 year lease to G8 Education Limited to 2024
Three further 10 year options to 2054
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48billion
Annual rent reviews plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Double-storey facility with service approval for 56 LDC places
Superb 709 sqm corner site providing direct access to the Eastern Distributor and only 4.5km from the CBD
Net Income: $245,928 pa

Auction commencing 11am AEST Tuesday
16 May 2017, Doltone House Hyde Park, Sydney

This property is offered as part of a Portfolio of 5 Childcare Investments with the additional 4 in the following locations; To Be Sold Separately.

Chifley NSW, 36 Burke Street
Vaucluse NSW, 5 Billong Avenue
Maroubra NSW, 91 Paine Street
South Coogee NSW, 158 Moverly Road

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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