Sought-After Bayside Childcare Investment | 15 Year Net Lease to 2033

173 Bluff Road, Black Rock VIC

Property Highlights

15 year net lease + options to 2053
Attractive 3.75% pa rent increases
Story House: 30 centres nationally

Description

+ Secure 15 year net lease to Story House Early Learning to 2033
+ Desirable 3.75% annual rent increases
+ Story House Early Learning: national early education provider with a network of 30 centres along the eastern seaboard
+ As new 512 sqm multi-storey child care facility licensed for 73 LDC places
+ Large 1,539sqm site minutes from both Beach and Bay Roads
+ Sought-after bayside location only 16km from the Melbourne CBD
+ Net Income: $255,453 pa + GST and Outgoings

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
1,539 SQM
Building Area
513 SQM

Contact Agents

Adam Thomas

0418 998 971

Contact Me

Natalie Couper

0413 856 983

Zomart He

0488 220 830

Stay up to date with our latest portfolio auctions & insights