Trophy Bayside Childcare Investment
4 Watson Road, Mount Martha VIC
Property Highlights
Description
+ Little Acorns: long established early education childcare provider with three Mornington Peninsula locations
+ Fixed 3.5% annual rent increases
+ Tenant pays all usual outgoings
+ Prime 1,040 sqm corner site accommodating a brand new multiple storey 706 sqm purpose built child care facility licensed for 80 LDC places
+ Prominent corner position directly opposite Mount Martha’s retail precinct and metres from esplanade and foreshore
+ Constructed by industry leading builder – LLOYD
+ Mount Martha: popular bayside suburb only 48 km from the Melbourne CBD
+ 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 service during the 2019/20 financial year
+ Significant depreciation benefits
+ Net Income: $306,305 pa + GST and outgoings
For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021
Property Details