G8 Education, 7 Village Way,
Pakenham, VIC 3810
Shops & Retail • Medical & Consulting • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
G8 Education, 7 Village Way
Pakenham, VIC 3810
Map of G8 Education, 7 Village Way
Long Established Childcare Investment | Leased to ASX Listed – G8 Education
- 10 Year Net Lease + options to 2043
- 3.5% annual rent increases
- ASX listed tenant with 470+ centres
+ Secure 10 Year Net Lease to G8 Education to 2023
+ Four further 5 year options to 2043
+ G8 Education: Australia’s largest early education provider, educating more than 58,000 children per day across their 470+ centres
+ Long established and successful business acquired by G8 in 2014
+ Tenant pays all (including land tax from 2023) outgoings
+ Modern, purpose-built child care facility with approval for 120 LDC places
+ Desirable 3.5% fixed annual rent increases plus ratchet provisions at the commencement of each further term, thereby ensuring rental growth
+ Current rent below market with Market Review (with ratchet provisions) due in 2023
+ Prominent 2,500 sqm corner site directly opposite the Woolworths-anchored Lakeside Square Shopping Centre and only 200 metres from the Cardinia Road Train Station
+ Positioned within a significant education precinct (15 schools within 3km radius)
+ Cardinia Shire: One of Australia’s largest and fastest growing LGAs with forecast population growth to 200,238 (66% increase) by 2041
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019–20 financial year
+ Net Income: $262,544 pa + GST and Outgoings
Portfolio Auction 139
11am (AEST) Wednesday 23 September
+ Four further 5 year options to 2043
+ G8 Education: Australia’s largest early education provider, educating more than 58,000 children per day across their 470+ centres
+ Long established and successful business acquired by G8 in 2014
+ Tenant pays all (including land tax from 2023) outgoings
+ Modern, purpose-built child care facility with approval for 120 LDC places
+ Desirable 3.5% fixed annual rent increases plus ratchet provisions at the commencement of each further term, thereby ensuring rental growth
+ Current rent below market with Market Review (with ratchet provisions) due in 2023
+ Prominent 2,500 sqm corner site directly opposite the Woolworths-anchored Lakeside Square Shopping Centre and only 200 metres from the Cardinia Road Train Station
+ Positioned within a significant education precinct (15 schools within 3km radius)
+ Cardinia Shire: One of Australia’s largest and fastest growing LGAs with forecast population growth to 200,238 (66% increase) by 2041
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019–20 financial year
+ Net Income: $262,544 pa + GST and Outgoings
Portfolio Auction 139
11am (AEST) Wednesday 23 September
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Pakenham, 3810 demographic data
The median household income for Pakenham is $1,664, 12% lower than Greater Melbourne's household income of $1,901. Pakenham has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 68% of property owners in Pakenham have a mortgage.
54,118
Population
$1,664 per week
Median household income
33 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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