New 20 + 10 + 10 Year Lease to 2056
134 Ironstone Road , BENDIGO VIC
Description
New 20 year lease to Jenny’s ELC to 2036.
Two generous 10 year options to 2056.
Jenny’s ELC: established and successful national child care provider with 4 locations in Bendigo.
Fixed 3% annual rental increases/Tenant pays all usual outgoings.
High quality 829 sqm double-brick facility constructed in 2010 and licensed for 128 places.
Substantial 3,941 sqm site with over 40 metre street frontage.
Further improvements include a modern three bedroom residence.
Attractive taxation depreciation benefits.
Bendigo: Victoria’s largest inland city with a population of 110,000 and forecast to grow to over 156,000 by 2036.
Net Income: $372,465 pa (including residence).
Auction 11am AEDT Wednesday 26 October 2016
River Room, Crown Casino, Melbourne
Property Details