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4 Richland Street
Kingsgrove NSW 2208
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Sold on 4 Apr 2017

4 Richland Street Kingsgrove NSW 2208

  • Medical / Consulting
  • Sold

Highly Sought After Childcare Investment

15 year lease to G8 Education to February 2029
Minimum 4% annual rental increase plus ‘ratchet’ provisions at market review ensuring guaranteed rental growth
G8 Education Ltd: largest ASX listed child care provider with over 450 centres nationally and a market cap of $1.48 billion
Two further 5 year options to 2039
Well maintained facility licensed for 35 places
Tenant pays all usual outgoings including management fees
Easily managed, single tenanted investment
Located with an established residential precinct, 150m from the M5 motorway and 400m from Kingsgrove Train Station
Net income: $118,110 pa + GST

Auction 11am AEST Tuesday 4 April 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property Highlights

Date Sold4 Apr 2017
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2013440192
Category
Last updated  15 Jun 2017
Map for 4 Richland Street Kingsgrove NSW 2208

Nearest transport* to 4 Richland Street Kingsgrove NSW 2208

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Property Highlights

Date Sold4 Apr 2017
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2013440192
Category
Last updated  15 Jun 2017
Level 20, 150 Lonsdale Street Melbourne VIC 3000

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