SOLD - Maitland (Hunter Valley) - ASX Listed Tenant 3% Rent Increases

Cushman and Wakefield are pleased to present to the market 4 Fernleigh Avenue, Maitland for sale via Auction.

The property has the following key characteristics:

• G8 Education Ltd: Largest ASX listed childcare and education provider with over 500 centres across Australia and Singapore - market cap. of $1.10 Billion
• Recent refurbishments undertaken by G8 Education
• Licenced for 41 Long Day Care places
• Strategic 1,117 sqm land holding within growth corridor
• Ideally located within walking distance of the new Woolworths Aberglasslyn and McKeachie’s Shopping Village within McKeachie’s Run estate, developed by national developer Stockland
• Aberglasslyn - Rapidly expanding suburb within the Hunter Valley with house prices increasing 21% in the last five years and strong continued forecasted growth
• Strong performer trading as a childcare for over 15 years
• Lease secured by 6 months bank guarantee
• Tenant pays 100% of outgoings as per lease
• Fixed 3% rent increases annually
• Net Income $102,552 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 2 November at 10.30am at the Cushman & Wakefield Melbourne office, located on Level 9, 385 Bourke Street, Melbourne VIC 3000.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Sydney and Brisbane.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.