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Outstanding Childcare Investment Leased to G8 Education

67 Balmoral Avenue, SPRINGVALE VIC, 3171

Sold

Property Sold in 67 Balmoral Avenue, SPRINGVALE VIC, 3171

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11227751
Status:
Sold
Price:
Price on Request
Last Updated:
22/07/2019
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Property Type

Medical/Consulting/Retail
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Land Area

1143 SQM
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Floor Area

1 SQM
Icon parking

Parking

N/A

Outstanding Childcare Investment Leased to G8 Education

Secure 10 year lease to G8 Education 2024
Three further 5 year options to 2039
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48 billion
Minimum 4% annual rental increase plus ‘ratchet’ provisions at market review ensuring guaranteed rental growth
Well maintained child care facility licensed for 60 LDC places
Tenant pays all usual outgoings including management fees
Strategic 1,143 sqm corner site opposite the sold out “Carre Residences” – a large scale residential development comprising 239 townhouses
Springvale: highly sought-after and established location 20km south-east from Melbourne’s CBD
Net income: $152,718 pa + GST

Auction 11am AEST Wednesday 5 April 2017
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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