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Impressive Childcare Investment

1 The Crossing, Caroline Springs VIC

Property Highlights

Secure 10 yr lease + options to 2046
Fixed 3.75% pa rent increases
Comprehensive Development Zone

Description

Impressive and established childcare investments located in one of Melbourne’s key growth locations
10 year leases to Little Flyers to September 2026
Four further five year options to September 2046
Desirable 3.75% fixed annual rent increases plus market reviews
Highly sought-after comprehensive Development Zone sites, providing significant future development opportunity and upside (STCA)
Little Flyers: a wholly owned subsidiary of the highly successful and well regarded Eltham College Foundation
Modern 717 sqm purpose-built child care facility licensed for 124 LDC places
Large 2,505 sqm dual street frontage Comprehensive Development Zone site, opposite high density mixed-use and residential developments
Strategic position within major educational and commercial precinct, opposite K-9 Creekside College and 350 metres from the Caroline Springs Town Centre
Net Income: $266,430 pa + GST and Outgoings

Auction 11am AEST Wednesday 9 May 2018
River Room, Crown Casino, Melbourne

Also available for sale:
9 Bulimba Drive, Doreen VIC
http://www.realcommercial.com.au/502775746

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,424 SQM
Building Area
717 SQM

Contact Agents

Adam Thomas

+610 418 998971

Contact Me

Natalie Couper

0413 856 983

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