91 Paine Street, Maroubra

ABOUT THE PROPERTY

Bedrooms
3
Bathrooms
1
Car spaces
2
Land size
538 m2
Building size
-
Council area
Randwick
Year built
n/a
Lot plan
2559/DP752015 Maroubra NSW
House type
Commercial: Retail Building



HISTORY

Last sold 16/05/2017
$3,530,000



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 feesSingle-level facility with service approval for 36 LDC placesOutstanding 538 sqm corner site opposite South Sydney High School, metres from the junction with Maroubra Road and only 8.5km from the CBDNet Income: $131,747 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 AvenueKensington NSW, 61 Milroy AvenueSouth Coogee NSW, 158 Moverly Road