For Sale

THE ULTIMATE CHILDCARE INVESTMENT LEASED TO AUSTRALIA'S PREMIER PROVIDER

38A Coonans Road, Pascoe Vale South VIC 3044

15 Year Net Lease + options to 2055
Fixed 3.5 % annual rent increases
Large 2,731 sqm* corner site
  • 15 year net lease to Only About Children to 2035
  • Two further 10 year options to 2055
  • Only About Children (OAC): high quality and award winning operator with 76 centres nationally
  • Attractive 3.5% annual rent increases, plus ‘ratchet’ provisions at market review, guaranteeing rental growth
  • Strong-trading business at 100% occupancy when acquired by OAC in 2019
  • Tenant pays all outgoings including land tax
  • Impressive child care facility, with approval for 136 LDC places
  • Situated within a significant education precinct, 13 schools within a 2 kilometre radius of the site, combining to service 9,545 full time students
  • High profile 2,731 sqm* landholding metres from the Citylink and only 8km from the Melbourne CBD
  • As new construction with significant depreciation benefits
  • Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.**
  • Net Income: $546,324 pa* + GST (March 2022)
For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

*approx
**Mitchell Institute, Australian Investment in Education: Early Learning