10 year lease until August 2020 plus 10 year option to 2030.
Lease guaranteed through to 2030.
Purpose built 39 place centre constructed in 1995.
Prominent corner land holding of 1,211 sqm with 10 car parks.
G8 Education Ltd (ASX:GEM) Australia’s largest early learning education provider with over 450 centres nationally and a market cap of $1.48 billion.
Floraville – family oriented suburb of Lake Macquarie which straddles the Pacific Highway having a catchment of 55,000 residents within a 5 km radius.
Major employment centres – Charlestown CBD 10 mins, Newcastle CBD within 25 mins and Sydney under 2 hrs drive time.
Tenant pays all usual outgoings, as per lease.
Virtual walk-thru available on request.
Net Income: $95,780 pa + GST.