STUNNING CHILDCARE INVESTMENT LEASED TO LEADING BOUTIQUE PROVIDER

15 Year Net Lease + options to 2057
Fixed 3.5 % annual rent increases
Large 2,461 sqm* corner site

• 15 year net lease to Advance Childcare to 2036
• Two further 10 year options to 2057
• Advance Childcare: experienced boutique operator with multiple Melbourne metro locations
• Attractive 3.5% annual rent increases, plus ‘ratchet’ provisions at market review, guaranteeing rental growth
• Current occupancy of 100% with extensive wait-list
• Tenant pays all outgoings including land tax
• Premium multi-level child care facility, with approval for 140 LDC places
• Large 2,461 sqm* main road corner site, only metres from Eastlink interchange, and 20km from the Melbourne CBD
• Situated within significant education precinct (15 schools within a 3km radius plus access to Swinburne University)
• High profile location with 21,000+ vehicles passing daily, within close proximity to The Glen Shopping Centre, underpinned by Woolworths, Coles, and a selection of 140+ specialty stores
• 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: $562,380 pa* + GST

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

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