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Long Established Childcare Investment

26 Glenelg Drive, Maiden Gully VIC

Property Highlights

Secure 20 Year Net Lease
Desirable 3% annual rent increases
High occupancy of 90%+
Register to Bid

Description

+ Secure 20 year net lease to Jenny’s Early Learning to 2037
+ Two generous 10 year options to 2057
+ Jenny’s Early Learning: highly regarded and successful early education provider with four further locations in Bendigo
+ Long established and strongly trading business currently trading at 90%+ occupancy
+ Desirable 3% annual rent increases
+ Tenant pays all usual outgoings
+ Quality double-brick child care facility (constructed in 2008) and licensed for 87 LDC places
+ Substantial 2,329 sqm site, strategically positioned 300metres from Maiden Gully Primary School (563 students enrolled)
+ Eligible for Regional Victoria 50% stamp duty concession.
+ City of Greater Bendigo: Victoria’s largest inland City with a current population of 121,349 and forecast to grow to over 155,000 by 2036
+ Childcare/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 in the 2019/20 financial year
+ Net Income: $217,959 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

Property Details

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

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