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Exclusive Eastern Suburbs Childcare

91 Paine Street, MAROUBRA NSW, 2035

Sold

Property Sold in 91 Paine Street, MAROUBRA NSW, 2035

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11236714
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

538 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
Single-level facility with service approval for 36 LDC places
Outstanding 538 sqm corner site opposite South Sydney High School, metres from the junction with Maroubra Road and only 8.5km from the CBD
Net Income: $131,747 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
Kensington NSW, 61 Milroy Avenue
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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