Renewed 10 Year Net Lease to Australia’s Largest Childcare Provider
1108 Geelong Road , Mount Clear VIC
Property Highlights
Description
+Renewed 10 year net lease to Goodstart Early learning to 2032.
+Two Further 10 year options to 2052.
+Goodstart Early Learning: Australia’s largest early education provider with 664 centres nationally.
+Annual rent increases to the greater of 3% or CPI.
+Tenant pays all outgoings including land tax.
+Well-maintained child care centre, licensed for 105 LDC places.
+Large 2,110sqm main road site, within close proximity to four schools and only 4 kilometres from Ballarat’s commercial centre.
+Ballarat: one of Australia’s fastest growing regional cities, projected 19% population growth by 2026.
+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: $199,500 pa*.
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 30th March 2022
Crown Casino – River Room
**Mitchell Institute, Australian Investment in Education: Early Learning.
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