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Strong Trading Childcare Investment

26 Glenelg Drive, Bendigo VIC

Property Highlights

Highly successful childcare provider

Fixed 3% annual rent increases

New 20 + 10 + 10 yr lease to 2057

Description

New 20 year lease to Jenny’s Early Learning to 2037
Two generous 10 year options to 2057
Jenny’s ELC: highly regarded and successful childcare provider with four locations in Bendigo
Long established & strong trading child care facility currently trading at 97% occupancy
Fixed 3% annual rental increases/Tenant pays all usual outgoings
High quality double-brick facility constructed in 2008 and licensed for 87 places
Substantial 2,329 sqm site with over 69 metre street frontage
City of Greater Bendigo: current population of over 114,000 and forecast to grow to over 134,000 (18.7% increase) by 2026. Source ABS
Net Income: $200,100 pa

Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,329 SQM
Gross Building Area
1 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

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