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Sold on 22 May 2017

61 Milroy Avenue Kensington NSW 2033

  • Medical / Consulting
  • 1 m²
  • Sold

Exclusive Eastern Suburbs Childcare

Secure 10 year lease to G8 Education Limited to 2024
Three further 10 year options to 2054
G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48billion
Annual rent reviews plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growth
Tenant pays all usual outgoings including management fees
Double-storey facility with service approval for 56 LDC places
Superb 709 sqm corner site providing direct access to the Eastern Distributor and only 4.5km from the CBD
Net Income: $245,928 pa

Auction commencing 11am AEST Tuesday
16 May 2017, Doltone House Hyde Park, Sydney

This property is offered as part of a Portfolio of 5 Childcare Investments with the additional 4 in the following locations; To Be Sold Separately.

Chifley NSW, 36 Burke Street
Vaucluse NSW, 5 Billong Avenue
Maroubra NSW, 91 Paine Street
South Coogee NSW, 158 Moverly Road

Property Highlights

Property ID2013529808
Date Sold22 May 2017
Floor Area1 m²
Land Area709 m²
ParkingAsk Agent
Category
Last updated  22 May 2017
Map for 61 Milroy Avenue Kensington NSW 2033
Burgess Rawson & Associates
Level 7, 140 Bourke Street Melbourne VIC 3000

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