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88 George St 8,105 SF Office Building Paradise, SA 5075 For Sale
Investment Highlights
- Positioned on a sizeable 1,928 sqm corner landholding opposite a primary school.
- Operated by Nido Early School, an ASX-listed premium childcare provider.
- Located within proximity to major retail precincts and only 9 km from Adelaide CBD.
Executive Summary
This premium childcare investment at 86-88 George Street offers a rare, long-term secure income backed by an ASX-listed operator. The asset features a 20-year net lease expiring in 2042 with two additional 10-year options extending to 2062, ensuring long-term stability. Nido Early School, a nationally recognized early learning provider with a market capitalization exceeding $86 million, operates the facility.
Positioned opposite Paradise Primary School within a thriving catchment of 14 schools serving more than 7,000 students, the property benefits from robust demand for early education services. The two-level, 92-place center grants strong depreciation benefits to investors, complemented by landlord-favorable terms where the tenant covers all outgoings, including land tax and management fees. Minimum 3% annual rent escalations deliver compounding rental growth over time.
Positioned opposite Paradise Primary School within a thriving catchment of 14 schools serving more than 7,000 students, the property benefits from robust demand for early education services. The two-level, 92-place center grants strong depreciation benefits to investors, complemented by landlord-favorable terms where the tenant covers all outgoings, including land tax and management fees. Minimum 3% annual rent escalations deliver compounding rental growth over time.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,105 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,053 SF
Building FAR
0.39
Lot Size
0.48 AC
Parking
21 Spaces (0.25 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Direct Elevator Exposure
- Natural Light
- Open-Plan
- Air Conditioning
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88 George St
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