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.
Double-storey facility with service approval for 56 LDC places.
Superb 709 sqm corner site providing direct access to the Eastern Distributor and only 4.5km from the CBD.
Net Income: $245,928 pa.