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Entry Level Childcare Investment | 4% Annual Rent Increases

37 McNeill Street , Ararat VIC

Property Highlights

New 15 + 10 + 10 + 10 year net lease
Desirable 4% pa rent increases
Established centre since 1995

Description

+New 15 year net lease to Ararat Childcare & Kinder to 2037
+Three further ten year options to 2067.
+Ararat Childcare & Kinder: privately owned and operated local provider.
+Tenant pays all usual outgoings.
+Desirable 4% annual rent increases.
+Well maintained 50 LDC place child care facility trading since 1995.
+1,057sqm corner site within an established residential precinct.
+Located 700m from Ararat’s commercial precinct including ALDI & Woolworth’s & within close proximity to five schools.
+Ararat: major regional service centre and gateway to the Grampians with a population catchment of 25,000+ residents.
+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year*.
+Net Income: $86,940 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino – River Room

*Mitchell Institute, Australian Investment in Education: Early Learning.

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
1,057 SQM
Building Area
200 SQM

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