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174 Jobs Gully Road, BENDIGO, VIC, 3550

+17 Photos

+19 Photos

SOLD

174 Jobs Gully Road, BENDIGO, VIC, 3550

Properties / Sold / Victoria / Bendigo

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

3,031 m² (*approx)

Floor Area

1 m² (*approx)

Property Type

Retail, Child/Healthcare, Other

Sub-type

Child Care

Show All

2. Property Highlights

High Occupancy Childcare Investment | Leased to ASX Listed G8 Education

15 Year Net Lease + options to 2046
Fixed 4% annual rent increases
Substantial 3,031 sqm site

+ Secure 15 year net lease to G8 Education to 2031

+ Three further 5 year options to 2046

+ G8 Education Ltd (ASX:GEM): Australia’s largest listed childcare provider, educating more than 58,000 children daily

+ Attractive 4% annual rent increases, plus ‘ratchet’ provisions at market review, guaranteeing rental growth

+ Strong trading business with consistent occupancy of 95%

+ Tenant pays all outgoings including land tax and management fees

+ As new purpose-built child care facility, licensed for 124 LDC places

+ Substantial 3,031 sqm landholding with 30 on-site car spaces

+ Bendigo: One of Victoria’s largest inland Cities with a resident population forecast to grow to over 155,000 by 2036

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*

+ Net Income: $352,829 pa + GST

For Sale by Investment Portfolio Auction

11.15am (AEDT) Thursday 11 November 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

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