Fifteen (15) years to Imagine Applied Education Services Inc. to 15 May 2024.
Two (2) further terms of five (5) years, each with a five (5) year notice period.
Currently licensed for 60 LDC places but tenant has the right to reduce to 50 places. If the tenant exercises this right, the rent reduces proportionately.
Annual CPI reviews with a 2.5% minimum increase.
Next Market Review date is 15 May 2019, rent cannot reduce as a result of Market Review and is uncapped.
Tenant responsible for rates, insurance and repairs and maintenance (including structural), management fees and land tax (where applicable).
$93,102 pa (approx).
Unique Childcare Portfolio Auction be held on Wednesday 25 June at 10:30am
Crown Conference Centre, 25 Whiteman Street, Southbank, Opposite Crown Towers
Interstate bidding available
Live webcast and registered interstate bidding by prior arrangement at the following locations:
Sydney: Mezzanine Level, 50 Margaret Street
Brisbane: Level 20, 307 Queen Street
