Strong Trading Childcare Investment
17 Wilson Street , Ararat VIC
Property Highlights
Long 16 Year Lease + Options to 2043
Certain Rent Growth of $20K in 2021
Proven Tenant - 8 Centre's in Victoria
Description
+ Secure 16 + 5 + 5 year Net lease
+ Village Early Education: established and successful child care provider with 7 further centres across Victoria
+ Established childcare facility with high occupancy
+ Strong & certain rental growth with 3% annual rent increases (from 2022 onwards)
+ As new, purpose-built facility licensed for 99 LDC places
+ Large 2,762 sqm site central within commercial growth corridor
+ Ararat: major regional service centre and gateway to the Grampians with a population catchment of 25,000+ residents.
+ Rent: $165,000 pa (as at March 2020 and increasing to $185,000 pa in March 2021)
For Sale by Auction
11am Wednesday 11 December 2019
Crown Casino, River Room, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,762 SQM
Building Area
810 SQM