Long Established Childcare Investment | Leased to ASX Listed G8 Education
7 Village Way, Pakenham VIC 3810
Last Asking Price - $3,799,905-$4,179,895
Block size: 2500 m² approx.
+ Secure 10 Year Net Lease to G8 Education to 2023 + Four further 5 year options to 2043 + G8 Education: Australias largest early education provider, educating more than 58,000 children per day across their 470+ centres + Long established and successful business acquired by G8 in 2014 + Tenant pays all (including land tax from 2023) outgoings + Modern, purpose-built child care facility with approval for 120 LDC places + Desirable 3.5% fixed annual rent increases plus ratchet provisions at the commencement of each further term, thereby ensuring rental growth + Current rent below market with Market Review (with ratchet provisions) due in 2023 + Prominent 2,500 sqm corner site directly opposite the Woolworths-anchored Lakeside Square Shopping Centre and only 200 metres from the Cardinia Road Train Station + Positioned within a significant education precinct (15 schools within 3km radius) + Cardinia Shire: One of Australias largest and fastest growing LGAs with forecast population growth to 200,238 (66% increase) by 2041 + Childcare/Early Education is an essential service and one of Australias most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 201920 financial year + Net Income: $262,544 pa + GST and Outgoings
Portfolio Auction 139 11am (AEST) Wednesday 23 September
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Block Size:2500 m²*
*These are approximate values based on available information.
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