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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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,941 SQM
Building Area
829 SQM

Contact Agents

Adam Thomas

0418 998 971

Contact Me

Natalie Couper

0413 856 983

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