ASX Listed Childcare Investment. 100% Occupancy: Large 1,646 sqm Site.
Established 90 placement childcare centre operating since 1995 in St George heartland just 12kms south of Sydney CBD. Leased to Australia's largest ASX listed childcare operator, G8 Education until April 2017 plus options to 2027. G8 recently purchased Bambino's business, subject centre currently operates at 100% capacity with waiting lists. Massive 1,646 sqm site with drop-off and on-site parking. Affluent surrounding young family demographics. Close to Kogarah/Rockdale high rise residential development. Tenant pays outgoings, as per lease. Annual 3% rent increases. Net Income: $219,050 pa + GST.
Auction 2pm AEST Tuesday 14 April 50 Margaret Street Sydney
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Purchase price
$
4,920,000
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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