15-17 Stitt Street Innisfail QLD 4860

Shop & Retail
709 m²
Sold

20 Year Triple Net Lease to ASX Listed - G8 Education

20 + 10 Year Triple Net Lease
Minimum 3% pa rent increases
ASX listed tenant

+ Highly sought-after 20 + 10 Year Triple Net Lease to G8 Education Ltd to 2047
+ G8 Education Ltd: largest ASX listed early education provider with 470+ childcare centres across Australia and Singapore
+ Triple Net Lease terms - Tenant pays all outgoings including all maintenance (both capital and structural) insurances, rates and Land Tax (multiple holding)
+ Minimum 3% pa rent increases with ratchet provisions at Market Review ensuring guaranteed rental growth
+ Large 1,829 sqm corner site
+ Modern 709 sqm child care facility over two levels, licensed for 75 LDC places
+ Innisfail: commercial service centre of the Cassowary Coast Regional Council
+ Net Income: $127,308 pa (Jan 2020)

For Sale by Auction
11am Wednesday 11 December 2019
Crown Casino, River Room, Melbourne

AUCTION

Auction date and time	11/12/2019 11:00
Auction location	11AM, Crown Casino, Melbourne

Property Highlights

Date Sold	11 Dec 2019
Floor Area	709 m²
Land Area	1,829 m²
Parking	Ask Agent
Property ID	2015873003
Category	Shop & Retail Medical / Consulting Other
Last updated	16 Dec 2019

Map for 15-17 Stitt Street Innisfail QLD 4860

Property Highlights

Date Sold	11 Dec 2019
Floor Area	709 m²
Land Area	1,829 m²
Parking	Ask Agent
Property ID	2015873003
Category	Shop & Retail Medical / Consulting Other
Last updated	16 Dec 2019