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Childcare Investment in High-Growth Location Desirable 15 Year Triple Net Lease

16-18 Harry Vallence Drive, Bacchus Marsh VIC

Property Highlights

Triple Net Lease

Min 2.5% rent increases

Modern, purpose-built facility

Description

+ 15 year Triple Net lease to Affinity Education to 2029
+ Two further 5 year options to 2039
+ Min 2.5% pa rent increases plus ‘ratchet’ provisions at market review
+ Affinity Education: highly successful early education provider with over 150 centres nationally
+ Modern purpose-built child care facility licensed for 103 LDC places
+ Tenant pays all outgoings including capex, management fees and multiple holding land tax
+ Prominent 2,995sqm site with main road exposure
+ Net Income: $312,004 pa + GST and outgoings

Auction 11am AEST Wednesday 26 June 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,995 SQM
Gross Building Area
793 SQM

Contact Agents

Adam Thomas

0418 998 971

Natalie Couper

0413 856 983

Request Information

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