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Highly Sought After Childcare Investment

8 Patrick Street, TAMWORTH NSW, 2340

Sold

Property Sold in 8 Patrick Street, TAMWORTH NSW, 2340

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11227736
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
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Floor Area

1 SQM
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Parking

N/A

Highly Sought After Childcare Investment

15 year lease to G8 Education to May 2029
Fixed 4% annual rental increases plus ‘ratchet’ provisions
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48 billion
Two further 5 year options to May 2039
Well maintained child care facility licensed for 38 places
Tenant pays all usual outgoings including management fees
Easily managed, single tenanted investment
Highly regarded location, 200m from both TAFE New England and Oxley High School, 1km from Tamworth’s CBD
Net income: $97,525 pa + GST (May 2017)

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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