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Sold on 21 Feb 2017

2A Kenny Drive Tamworth NSW 2340

  • Retail
  • 2,528 m²
  • Sold

Three Highly Desirable Childcare Investments Net Leases to G8 Education – 4% pa Rent Increases

Secure 10 and 15 year leases plus options to G8 Education Limited.
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.38 billion.
Highly desirable 4% annual rental increases plus ratchet (i.e. rent cannot reduce) provisions at market review ensuring guaranteed rental growth.
Tenant pays all usual outgoings including management fees.
Long established and proven businesses acquired by G8 Education in 2013/2014.
Easily managed, single tenanted investment.
Long 15 year lease to April 2029.
Fixed 4% annual rental increases plus ‘ratchet’ provisions.
Two further 5 year options to April 2039.
Well maintained facility licensed for 55 places.
Prominent 2,528 sqm corner site adjoining community centre and 3.5km from Tamworth’s CBD.
Net income: $114,736 pa (April 2017).

Property Highlights

Property ID2013349859
Date Sold21 Feb 2017
Floor Area2,528 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  26 Sep 2017
Map for 2A Kenny Drive Tamworth NSW 2340
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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