Strategic Childcare Investment – Approved $11 Billion Lovely Banks Estate

178 Cox Road , Lovely Banks VIC

Property Highlights

14 Year Lease + Options to 2051
Fixed 3 % annual rent increases
Close to $11B Lovely Banks Estate
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Description

+14 year net lease to Happy Hippo Kindergarten and Childcare to 2031.
+Four further 5 year options to 2051.
+Happy Hippo Kindergarten & Childcare: highly successful operator with three established locations and 25+ years industry experience.
+Fixed 3% annual rent increases.
+Tenant pays all usual outgoings.
+Modern 845sqm child care centre, licensed for 130 LDC places.
+High profile 4,157 sqm dual frontage site, with exposure to Anakie Road, one of Geelong’s key transport arterials, within metres from the Geelong Ring Road and only 7.5 kilometres from the Geelong CBD.
+Approved $11 billion Lovely Banks Estate: A landmark project set to be one of Australia largest mixed -use projects, providing 15,000 homes for 45,000 residence with 5 town centers and 10 schools.
+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: $375,339* pa + GST

For Sale by Expression of Interest
Closing 8th of July 2022

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
4,157 SQM
Building Area
845 SQM

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