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.
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.