Brand New Childcare Investment leased to National Provider
31-33 Station Lake Road , Lara VIC
Property Highlights
New 20 + 5 + 5 + 5 yr lease to 2052
Successful national provider
Fixed 3% annual rent increases
Description
New 20 year lease to Sparrow Early Learning to 2037
Sparrow Early Learning: experienced and highly successful early education provider with 30 centres nationally
Three further 5 year options through to 2052
Desirable 3% annual rental increases and to market at option
Tenant pays all outgoings including land tax and management fees
Brand new 847 sqm purpose-built child care facility, licensed for 130 LDC places
Substantial 3,792 sqm main road site 750 metres from Coles, McDonald’s and 1.2km from Lara Railway Station
Lara: strategic ‘high-growth’ location 12km north from the Geelong CBD and 52km south west from the Melbourne CBD
Net Income: $292,500 pa + GST and Outgoings
Property Details
Listing
Sale
Current Tenant
Tenanted
Land Size
3,792 SQM
Building Area
847 SQM