61 Milroy Avenue, Kensington

This property is a unit located on a lot in 63/DP5081 Kensington NSW. Built in 1910, it has 4 bedrooms, 1 bathroom.

ABOUT THE PROPERTY

Bedrooms
4
Bathrooms
1
Car spaces
0
Land size
709 m2
Building size
-
Council area
Randwick
Year built
1910
Lot plan
63/DP5081 Kensington NSW
House type
Commercial



HISTORY

Last sold 16/05/2017
$5,950,000



LISTING DESCRIPTION
as of May 2017

Exclusive Eastern Suburbs Childcare Secure 10 year lease to G8 Education Limited to 2024Three further 10 year options to 2054G8 Education Ltd: largest ASX listed early education provider with over 450 centres nationally and a market cap of $1.48billionAnnual rent reviews plus ratchet provisions (i.e. rent cannot reduce) at market review ensuring guaranteed rental growthTenant pays all usual outgoings including management feesDouble-storey facility with service approval for 56 LDC placesSuperb 709 sqm corner site providing direct access to the Eastern Distributor and only 4.5km from the CBDNet Income: $245,928 paAuction commencing 11am AEST Tuesday16 May 2017, Doltone House Hyde Park, SydneyThis property is offered as part of a Portfolio of 5 Childcare Investments with the additional 4 in the following locations; To Be Sold Separately.Chifley NSW, 36 Burke StreetVaucluse NSW, 5 Billong AvenueMaroubra NSW, 91 Paine StreetSouth Coogee NSW, 158 Moverly Road