New 15 + 10 + 10 Year Lease to 2051
28-34 Marengo Street, TARNEIT VIC
New 15 + 10 + 10 year lease to Sparrow Early Learning to 2051.
Sparrow Early Learning: experienced child care provider with 15 centres nationally.
Desirable 4% annual increases.
As new 950 sqm purpose built facility licensed for 120 places.
Prominent 2,772 sqm site with triple street frontage of over 148 metres and exposure to Derrimut Road.
Located directly opposite the Coles and K-mart anchored Tarneit Central SC development and only 750 metres from Tarneit train station.
Wyndham City: one of the largest growth areas in Australia and expected to grow by a further 377,000 residents and an additional 164,000 jobs over the next 30 years.
Net Income: $278,375 pa.
Auction 11am AEDT Wednesday 26 October 2016
River Room, Crown Casino, Melbourne