This article is from the Australian Property Journal archive
A LOCAL investor has paid $2.07 million for a G8 Education childcare facility in Adelaide’s southern suburb of Aldinga.
Savills’ Peter Isaksson and Steve Bobridge sold 182 Aldinga Beach Road at a 6.9% yield, following an expressions of interest campaign the generated 50 enquires from local and offshore buying groups.
The centre is on a 2,160 sqm site and operates as Kinder Haven, licensed for 75 children and generating a net income total of $145,000 per annum.
Isaksson said the tenancy of G8 Education, which has signed a new 10-year lease with a renewal option and annual rental reviews, provided exceptional income security that was the ultimate drawcard for the buyer.
The property is close to the Aldinga Central Shopping Centre, Main South Road and the Southern Expressway.
Australian Property Journal
