STUNNING INNER-CITY CHILDCARE INVESTMENT LEASED TO AUSTRALIA'S PREMIER PROVIDER

15 YEAR NET LEASE TO 2035 + OPTIONS
FIXED 3.5% ANNUAL RENT INCREASES
1,836 SQM* TRIPLE STREET FRONTAGE 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 a network of 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 2020
• Tenant pays all outgoings including land tax
• Impressive childcare facility, with service approval for 134 LDC places
• Substantial 1,836 sqm* landholding with triple street frontage
• Located metres from Sydney Road, the longest retail shopping strip in the southern hemisphere and only 5 km* from the Melbourne CBD
• 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: $538,290 pa + GST (March 2022)

For Sale by Investment Portfolio Auction
11:00AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

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