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 $1.48 billion.
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.
Prominent 708 sqm elevated corner site at the junction with Old South Head Road and only 6.5km from the CBD.
Net Income: $158,096 pa.