Brand New 7 Year Lease to 2030 | National Education Group With 33 Locations
2/7 Hollingsworth Drive, Cobblebank VIC
Property Highlights
Description
Burgess Rawson are delighted to present to the market CS Education at 2, 7 Hollingsworth Drive, Cobblebank (Melton) VIC for sale by Investment Portfolio Auction 168.
This investment has the following highlights:
+ Long 7-year net lease to December 2030 plus options to 2040.
+ CS Education: Tuition business established in 2002 providing comprehensive coaching and tutoring services from kindergarten to Year 6. The group now has 33 locations across Victoria, New South Wales, Queensland and South Australia.
+ Landlord preferred, net lease terms with tenants paying all usual outgoings.
+ Strong and certain rental growth with annual fixed 3% increases.
+ Brand new 124 sqm* premises with access to 124 public car spaces.
+ Surrounded by complimentary business’ including Aspire Childcare, Dee Ann’s Supermarket, Domino’s, Your Choice Liquor, Blue Hippo Laundry, Eagle Kebab, Amelia Café & more.
+ Brand new providing significant tax saving depreciation benefits.
+ Strategic position with 7 schools (5,526 students) and 8 childcare centres within 3km.
+ Central to Coles, Cobblebank Railway Station, Statullah Primary School, Aspire Childcare Centres, Cobblebank Stadium and the Atherstone Athletics Centre.
+ Future $900M Melton Hospital: 600 metres* from the subject property, 274+ beds, 24 hour emergency department expected to create more than 700 – 1,700 direct and indirect jobs during construction.**
+ City of Melton: Booming Melbourne growth suburb, 98% forecast population growth by 2051.***
+ Net Income: $43,400 pa* + GST
To be sold via Investment Portfolio Auction 168
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne VIC
Bidder registration required, register here.
For more information, please contact the exclusive selling agents below:
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au
SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au
*Approx
**VHBA
***Forecast.id
Property Details