Affordable Metro Childcare Freehold Investment

1A Fitzpatrick Drive, Altona Meadows VIC

Property Highlights

10 + 10 Year Net Lease to 2037
Triple street frontage site
Established & successful business
Register to Bid

Description

+ Renewed net lease to Baby Bells to 2027 plus option to 2037
+ Baby Bells: experienced private operator with long established business in a high-growth location
+ Tenant pays all usual outgoings
+ Purpose-built child care centre licensed for 75 LDC places
+ Prominent 1,729 sqm main road site with 94+ metre frontage to Central Avenue
+ Located opposite McDonald’s, metres from both Point Cook Road and the Princes Freeway, and only 18km from the Melbourne CBD
+ Hobsons Bay City Council: Home to 97,751 people, supporting 36,394 jobs and has an annual economic output of $16.669 billion.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019/20 financial year
+ Net Income: $171,286 pa + GST

For Sale by Investment Portfolio Auction
11:00am (AEDT) Wednesday 28 October

In conjunction with Childcare Sales Victoria
David Knuppel
0412 393 829
[email protected]

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,729 SQM
Building Area
1 SQM

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