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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
Building Area
1 SQM

Contact Agents

Adam Thomas

+610 418 998971

Contact Me

Natalie Couper

+610 413 856983

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