Outstanding Childcare Investment | 15 Year Net Lease
121 Mitchells Lane , Sunbury VIC
Property Highlights
Description
+ Secure 15 year net lease to Bambini ELC to 2034.
+ Two further 10 year options to 2054.
+ Bambini ELC: premium early education provider with eight Melbourne locations.
+ Attractive 3% annual rent increases.
+ Tenant pays all usual outgoings.
+ Purpose-built child care centre, with service approval for 96 LDC places.
+ Large 2,080sqm main road site, adjoining Holy Trinity Catholic Primary School, opposite Sunbury Downs College and 250 metres from Sunbury Heights Primary School.
+ Located within Rosenthal master-planned community comprising 1600+ homes.
+ Sunbury: satellite City 38km from Melbourne, and servicing a 65,000+ trade catchment population.
+ 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: $304,114 pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 23 February 2022
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
Property Details