SOLD - Banora Point (Tweed Heads) - ASX Listed G8 Education Ltd

Cushman and Wakefield are pleased to present to the market 15-17 Covent Gardens Way, Banora Point (Tweed Heads).

The property has the following key characteristics:

• 15 year lease to November 2022 + options to 2037
• Northern Rivers - NSW fastest growing region
• G8 Education Ltd - Largest ASX listed childcare and education provider with over 500 centres across Australia and Singapore - market cap of $1.2 Billion
• Thriving business operating at 100% occupancy with an excellent reputation, giving further confidence to the tenants longevity in this location
• Licensed for 76 long day care places
• 18 car parks on title
• Significant 2,418 sqm land holding amongst strong family orientated residential precinct
• Strategic location, only a 1 minute walk to Centaur Primary School & Banora Point High School
• Annual rent reviews and market reviews
• Tenant pays all usual outgoings including capital / structural works (excluding building insurance)
• Banora Point: Rapidly growing area with house prices reportedly increasing by nearly 35% in the last 3 years
• Net Income $146,982 pa + GST (as at Nov 2018, assume 2.1% CPI)

*Approx.

For more information please contact the agents at Cushman & Wakefield.