224-226 Main Road Mclaren Vale SA 5171

Ray White is pleased to offer to the market 224-226 Main Road, McLaren Vale SA for sale by Expressions of Interest closing on Thursday 4th July 2024 at 3pm.

The property has the following investment highlights:

- Leading National ASX listed tenant - G8 Education Ltd.
- Established Childcare Investment with strong-trading history operating at capacity, with an extensive wait list
- Fifteen (15) year net lease to December 2028
- Six (6) further five (5) year options to December 2058
- G8 Education is Australia's largest ASX - listed early childhood & care provider. Its 430+ childcare centres are
marketed under 21 brands including Community Kids which is the brand operating this centre.
- Annual CPI rent reviews, market reviews on renewal, ensuring consistent rental growth
- Tenant pays all usual outgoings including land tax
- Strategically positioned 1,810 square metres* landholding with eight schools located in the region
- Gross Lettable Area (GLA) 282 square metres*
- Town Planning Tourism Development

The property is located within the 'southern vales' within the township of McLaren Vale, situated approximately 40 kilometres south of the Adelaide CBD and is 10 kilometres south-east of the Noarlunga Regional Centre. McLaren Vale is the heart of the Fleurieu Peninsula wine growing regions with an estimated 120 wineries and is listed in the top 30 wine regions in the world. The property is centrally located in McLaren Vale's retail precinct offering shopping centres, health care facilities, cafes, restaurants and accommodation. The South Australian Government has backed major investment in new home development in the adjacent suburbs of Aldinga and Noarlunga with an additional 1400 homes to be constructed over ten years.

- Stamp duty free investment opportunity
- Net Income $112,500 per annum* plus GST

Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector.

*Approx.

For further details contact: Christopher Marchant 0411 885 669

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions RLA 276447.