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The Ultimate Childcare Investment Leased to Australia’s Premier Provider

38A Coonans Road , Pascoe Vale South VIC

Property Highlights

15 Year Net Lease + options to 2055
Fixed 3.5 % annual rent increases
Large 2,731 sqm corner site
Register to Bid

Description

+ 15 year net lease to Only About Children to 2035
+ Two further 10 year options to 2055
+ Only About Children (OAC): high quality and award winning operator with 76 centres nationally
+ Attractive 3.5% annual rent increases, plus ‘ratchet’ provisions at market review, guaranteeing rental growth
+ Strong-trading business at 100% occupancy when acquired by OAC in 2020
+ Tenant pays all outgoings including land tax
+ Impressive child care facility, with approval for 136 LDC places
+ Situated within a significant education precinct, 13 schools within a 2 kilometre radius of the site, combining to service 9,545 full time students
+ High profile 2,731sqm landholding metres from the Citylink and only 8km from the Melbourne CBD
+ As new construction with significant depreciation benefits
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $546,324 pa + GST (March 2022)

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

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

+ 15??????Only About Children?2035?
+ ??10????2055?
+ Only About Children (OAC): ??????????????????76????
+ ?????3.5%?????????”Rachet”???????????????
+ ??????????2019?????100%?????
+ ??????????????
+ ??????????136??????
+ ???????????2?????13?????9545?????
+ ???2731????????????????8??
+ ????????????????
+ ?????????????????????????????????????????2021-22???????????????$103?????$17??????
+ ??????? $546,324 + ? + ?? ?2022?3???

??????Zomart He ??? 0488 220 830

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
2,731 SQM
Building Area
953 SQM

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