High Occupancy Childcare Investment

209 Black Forest Road, Werribee VIC

Property Highlights

15 Year Net Lease to 2035 + Options
Desirable 3% annual rent increases
Consistent occupancy of over 90%

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 1,003 sqm purpose built child care facility with Service Approval for 149 LDC places
+ Fixed 3% annual rent increases plus market reviews at the commencement of each further term
+ Large 2,885 sqm only 450 metres from Wyndham Vale Primary School (860+ students enrolled)
+ Strong performing centre with consistently high occupancy in excess of 90%
+ Strategically positioned within an established and rapidly evolving residential community, close proximity to Werribee Town Centre and 31 kilometres from the Melbourne CBD
+ Wyndham City: Australia’s second largest and fastest growth area with forecast population of 512,591 residents (78% increase) by 2041*
+ Child Care/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 during the 2019–20 financial year
+ Net Income: $409,750 pa + GST and Outgoings

*Population id

For Sale by Expressions of Interest
Closing 3pm (AEST) Wednesday 12 August unless Sold Prior

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,885 SQM
Building Area
1,003 SQM

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