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54-56 Ray Street, Castlemaine, Vic 3450

54-56 Ray Street, Castlemaine, Vic 3450

Medical/Consulting Retail Other

  • Sold Contact Agent
  • Wed 24-Feb-21

Entry Level Childcare Investment to ASX Listed Tenant

  • Net lease to G8 Education to 2027
  • ASX listed with 470+ centres
  • Strong business with high occupancy

  • Land Area
  • 2422.00 m² (approx)
  • Floor Area
  • 1 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jun 07, 2021

Additional Details

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Natalie Couper, Burgess Rawson - Melbourne
Natalie Couper

Entry Level Childcare Investment to ASX Listed Tenant

+ G8 Education: Australia’s largest ASX-listed early education provider, educating more than 58,000 children per day across their 470+ centres
+ Tenants pay all outgoings including: maintenance, land tax, rates, insurances and management fees
+ Annual CPI reviews
+ Purpose-built child care centre licensed for 70 LDC places with recent capital upgrade
+ Castlemaine: popular tree change location within easy access of Melbourne’s CBD
+ Mount Alexander Shire: Home to 19,754 people, supporting 7,099 jobs and an annual economic output of $2.318 billion
+ 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: $106,594 pa + GST

For Sale for Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021

Also available for sale within the Portfolio:
382 Main Street, Bairnsdale VIC

54-56 Ray Street, Castlemaine, Vic 3450

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