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15-17 Covent Gardens Way
Banora Point NSW 2486
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Sold on 9 Nov 2018

15-17 Covent Gardens Way Banora Point NSW 2486

  • Medical / Consulting
  • 620 m²
  • Sold

ASX Listed G8 Education Ltd - NSW Fastest Growing Region

  • 15 year lease to 2022 + options to 2037
  • 100% occupancy, 76 place centre
  • Net income $146,982 pa + GST

Cushman and Wakefield are pleased to present to the market 15-17 Covent Gardens Way, Banora Point (Tweed Heads).

The property has the following key characteristics:

• 15 year lease to November 2022 + options to 2037
• Northern Rivers: NSW fastest growing region
• G8 Education Ltd: Largest ASX listed childcare and education provider with over 500 centres across Australia and Singapore - market cap of $1.2 Billion
• Thriving business operating at 100% occupancy with an excellent reputation, giving further confidence to the tenants longevity in this location
• Licensed for 76 long day care places
• 18 car parks on title
• Significant 2,418sqm land holding amongst strong family orientated residential precinct
• Strategic location, only a 1 minute walk to Centaur Primary School & Banora Point High School
• Annual rent reviews and market reviews
• Tenant pays all usual outgoings including capital / structural works (excluding building insurance)
• Banora Point: Rapidly growing area with house prices reportedly increasing by nearly 35% in the last 3 years
• Net Income $146,982 pa + GST (as at Nov 2018, assume 2.1% CPI)

*Approx.

For more information please contact the agents at Cushman & Wakefield.

Property Highlights

Date Sold9 Nov 2018
Floor Area620 m²
Land Area2,418 m²
ParkingOn site parking available
Property ID2014577763
Category
Last updated  12 Nov 2018
Map for 15-17 Covent Gardens Way Banora Point NSW 2486

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Property Highlights

Date Sold9 Nov 2018
Floor Area620 m²
Land Area2,418 m²
ParkingOn site parking available
Property ID2014577763
Category
Last updated  12 Nov 2018
Level 11/123 Eagle Street Brisbane City QLD 4000

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