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Childcare Investment in Highly Coveted Location

181 Grange Road, Glen Huntly VIC

Property Highlights

New 15 Yr lease + options to 2063

Fixed 3% annual rent increases

New dual level facility and basement

Description

New 15 year lease to Buddies Early Learning to 2033
Three generous 10 year options to 2063
Buddies Early Learning: highly successful early education childcare provider with 20+ years industry experience
Previous owner of the “Kinder Haven” brand, acquired by G8 Education in 2012 and now with 17 centres nationally
Fixed 3% rental increases with market review at option
Tenant pays all usual outgoings
Architecturally designed 615 sqm child care dual level facility with service approval for 84 LDC places plus basement parking for 16 cars
Strategic 920 sqm site adjoining Glenhuntly Primary School – top 10 Victorian Primary School
Conveniently located 500 metres from the Glenhuntly Road retail precinct and only 11km from the Melbourne CBD
Net Income: $395,065 pa

Auction 11am AEDT Wednesday 28 March 2018
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
920 SQM
Gross Building Area
615 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

0413 856 983

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