New 15 year lease to G8 Education Ltd to 2032 + options to 2052.
Desirable 3% pa rental increases plus lease provisions to ensure rent will not reduce (ratchet clause).
G8 Education Ltd: largest ASX listed early education provider with over 500 centres across Australia and Singapore, and with a market cap of $1.5 billion.
Massive 4,382 sqm residential land holding with a 75 place childcare centre plus separate 4 bedroom house.
Childcare facility has recently been refurbished including substantial upgrades to outdoor play areas and carparking hard surfaces.
Empire Bay has a resident population of 30,350 within 10 min. drive from the centre and is only moments from the beautiful McMasters Beach and central coast hub of Woy Woy.
Net lease with 80% recovery of total property outgoings incl. management fees.
Net Income (Childcare Centre + House): $195,771 pa + GST.
For more details, please email agent