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Strong Trading Childcare | 15 Year Net Lease + Options to 2055

2 Shimmer Street, Epping VIC

Property Highlights

15 + 10 + 10 Year Net Lease to 2055
3% annual rent increases
2,979 sqm site, triple street frontage
Register to Bid

Description

+ New 15 year Net Lease to Wallaby Childcare to 2035
+ Two further 10 year options to 2055
+ Wallaby Childcare: experienced premium private operator with five centres across Melbourne
+ Tenant pays all usual outgoings
+ Impressive 917 sqm purpose built child care facility approved for 150 LDC places
+ Fixed 3% annual rent increases with market reviews at the commencement of each further term
+ Large 2,979 sqm triple street frontage site directly opposite St Mary McKillop Primary School (500+ students enrolled)
+ Strong performing centre with consistent occupancy in excess of 90% and rated “Exceeding” under the National Quality Framework (NQF)
+ Strategically positioned within an established residential community, close proximity to Epping shopping precinct and 21 kilometres north from the Melbourne CBD
+ City of Whittlesea: one of Australia’s fastest growing municipalities with forecast growth to 388,417 residents (65% increase) by 2041
+ Net Income: $417,575 + GST and Outgoings

Auction 10.30am AEST Wednesday 24 June 2020
River Room, Crown Casino, Melbourne

To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,979 SQM
Building Area
917 SQM

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