Brand New Childcare Investment | Major Growth Location – 15 Year Net Lease

1 Wade Street (Madden Boulevard) , Tarneit VIC

Property Highlights

15 year net lease + options to 2051
Fixed 3% annual rent increases
Strategic 2,851 sqm corner site

Description

+ New Fifteen (15) year net lease Aspire Early Education to 2036
+ Three further Five (5) year options to 2051
+ Aspire Early Education: experienced child care provider with a growing network of 11 centres
+ Tenant pays all usual outgoings including management fees
+ Fixed 3% annual rent increases
+ Impressive 811sqm* centre licensed for 122 LDC places
+ Strategic corner position within the rapid evolving Emerald Park Estate, offering 1350 + residential allotments, currently over 80% sold with further allotments released soon
+ Located within one of Australia’s fastest growing suburbs – forecast population increase of 164% to 131,166 residents by 2041
+ Brand 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: $371,389 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
2,851 SQM
Building Area
811 SQM

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