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7 Village Way, PAKENHAM VIC, 3810

For Sale
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Property for Sale in 7 Village Way, PAKENHAM VIC, 3810

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11392476
Status:
Active
For:
Sale
Last Updated:
14/09/2020
Price:
Price on Request
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Property Type

Retail/Medical/Consulting/Other
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Land Area

2500 SQM
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Floor Area

1000 SQM
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Parking

N/A

Long Established Childcare Investment | Leased to ASX Listed – G8 Education

+ Secure 10 Year Net Lease to G8 Education to 2023
+ Four further 5 year options to 2043
+ G8 Education: Australia’s 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 Australia’s 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 Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019–20 financial year
+ Net Income: $262,544 pa + GST and Outgoings

Portfolio Auction 139
11am (AEST) Wednesday 23 September

For more details, please email agent


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Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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