Established & Affordable Childcare Investment

189-195 Torquay Road, Grovedale VIC

Property Highlights

New 10 year net lease + opts to 2038

Fixed 3% annual rent increases

3,023 sqm main road site

Description

+ 10 + 5 + 5 year net lease to 2038
+ Fixed 3% annual rent increases
+ Tenant pays all usual outgoings including management fees
+ Modern purpose-built child care facility licensed for 95 LDC places
+ Huge 3,023 sqm main road site metres from ALDI and only 7km south from the Geelong CBD
+ Greater Geelong: current resident population of 251,540 with forecast growth of 29% to 325,779 by 2036 (source: profile.id)
+ Net Income: $162,445 pa + GST and Outgoings (as at September 2019)

For Sale by Auction
11am Wednesday 18 September 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,023 SQM
Gross Building Area
1 SQM

Contact Agents

Adam Thomas

0418 998 971

Natalie Couper

0413 856 983

Request Information

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