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Strong-Trading Childcare Investment

1 Pintail Drive , Torquay VIC

Property Highlights

15 Year Net Lease + options to 2063
Fixed 3.5 % annual rent increases
High profile 3,612sqm corner site

Description

+ 15 year net lease to Child’s Play Early Learning to 2032
+ Two further 15 year options to 2062
+ Child’s Play Early Learning: experienced early education provider with two further highly successful centres in Tarneit
+ Tenant pays all outgoings including land tax
+ Strong-trading business with high occupancy
+ Desirable 3.5% annual rent increases
+ Premium 963sqm* child care facility, with service approval for 141 LDC places
+ High profile 3,612sqm* triple street frontage site opposite Torquay Coast Primary School
+ Torquay: capital of the Surf Coast Shire and gateway to the world famous Great Ocean Road, and ordinarily with 2 million+ tourists every year
+ 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: $517,762 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
3,612 SQM
Building Area
963 SQM

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