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Brand New Childcare Investment

20 Elmslie Drive, Cranbourne VIC

Property Highlights

New 10 year lease + options to 2047

3% annual rent increases

Brand new 913 sqm facility

Description

New 10 year lease to One Early Education Group to 2027
Four further 5 year options to 2047
One Early Education Group: experienced and successful child care provider
Fixed 3% annual rent increases / tenant pays all usual outgoings
Brand new 913 sqm facility, licensed for 125 LDC places
Prominent 2,185 sqm corner site with triple street frontage of over 175m
Strategically located directly opposite Casey Fields: a $30 million, multi-sports complex development
Cranbourne: booming metropolitan location within City of Casey: Victoria’s most populous council with a current population of
297,034 and forecast to grow to 492,497 (65%) by 2041
Significant income tax saving depreciation benefits
Net income: $298,000 pa + GST

Auction 11am AEST Wednesday 5 April 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,185 SQM
Gross Building Area
913 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

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