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Stunning Childcare Investment Leased to Leading Boutique Provider

1342 High Street Road , Wantirna South VIC

Property Highlights

15 Year Net Lease + options to 2056
Fixed 3.5 % annual rent increases
Large 2,461 sqm corner site
Register to Bid

Description

+ 15 year net lease to Advance Childcare to 2037
+ Two further 10 year options to 2057
+ Advance Childcare: experienced boutique operator with multiple Melbourne metro locations
+ Attractive 3.5% annual rent increases, plus ‘ratchet’ provisions at market review, guaranteeing rental growth
+ Current occupancy of 100% with extensive wait-list
+ Tenant pays all outgoings including land tax
+ Premium multi-level child care facility, with approval for 140 LDC places
+ Large 2,461 sqm main road corner site, only metres from Eastlink interchange, and 20km from the Melbourne CBD
+ Situated within significant education precinct (15 schools within a 3km radius plus access to Swinburne University)
+ High profile location with 21,000+ vehicles passing daily, within close proximity to The Glen Shopping Centre, underpinned by Woolworths, Coles, and a selection of 140+ specialty stores
+ New construction with significant depreciation benefits
+ 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: $562,380 pa + GST

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

+ 15?????Advance Childcare?2036?
+ 2?10????2056?
+ Advance Childcare: ??????????????????????????????
+ ?????3.5%?????????”Rachet”???????????????
+ ??????100%???????????
+ ????????????
+ ??????????140??????
+ ??2461??????????Eastlink????????????????????20??
+ ?????????21,000?????????The Glen???????Woolworths, Coles???140?????
+ ????????????????
+ ?????????????????????????????????????????2021-22???????????????$103?????$17??????
+ ???????$562,380 + ? + ??

??????Zomart He ??? 0488 220 830

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
2,476 SQM
Building Area
1,013 SQM

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