Impressive New High Occupancy Metro Childcare Investment
1028 Wellington Road , Rowville VIC
Property Highlights
Description
New 15 year lease to 2033 plus options to 2048
Annual 3% rental increases, ensuring strong rental growth
Tenant pays all outgoings including land tax
Operated and managed by ASX Listed G8 Education – 500+ child care centres nationally and with a market cap of $1.47 billion
Stunning 831 sqm purpose-built childcare facility lic for 124 places
Substantial 3,195 sqm main road land holding with 27 at grade car spaces
New construction offering substantial tax saving depreciation benefits
High exposure position with 31,000+ vehicles passing daily and situated only 600 metres from St Simon Primary School
Rowville: popular residential location only 25km south east from the Melbourne CBD and with a medium house price of $835,000
Net Income: $402,318 pa + GST and outgoings
Private Treaty
Property Details