Renewed Lease to Australia’s Largest Childcare Provider
1848 Geelong Road, Mount Helen VIC
Renewed 5 year lease to Goodstart to 2022 plus options to 2032.
Long trading and successful facility established in 2005.
Goodstart: Australia’s largest early education provider with annual turnover of $900m and providing education to 70,000 children across 645 centres.
Fixed 5% annual rental increases plus market review at options.
Modern, purpose-built 120 place child care facility on high profile 3,187 sqm site.
Strategic position opposite the Ballarat Technology Park, with tenants including: Ambulance Victoria, ESTA, IBM, SRO and Federation University.
Ballarat: Victoria’s largest inland city servicing a trade catchment of approx 400,000 people.
Net Income: $248,212 pa.