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Stunning Inner-City Childcare Investment Leased to Australia’s Premier Provider

484-486 Victoria Street , Brunswick West VIC

Property Highlights

15 Year Net Lease to 2035 + options
Fixed 3.5 % annual rent increases
1,836sqm triple street frontage site

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 a network of 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 service approval for 134 LDC places
+ Substantial 1,836sqm landholding with triple street frontage
+ Located metres from Sydney Road, the longest retail shopping strip in the southern hemisphere and only 5km from the Melbourne CBD
+ 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: $538,290 pa + GST (March 2022)

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

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

+ 15??????Only About Children?2035?
+ ??10????2055?
+ Only About Children (OAC): ??????????????????76????
+ ?????3.5%?????????”Rachet”???????????????
+ ??????????2020??OAC???????100%???
+ ??????????????
+ ??????????134??????
+??1,836????????????
+ ????????????????????????????????5??
+ ????????
+ ?????????????????????????????????????????2021-22???????????????$103?????$17??????
+ ??????? $538,290 + ? + ??

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2021?12?15????11?????????

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Zomart He ???? 0488 220 830

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
1,836 SQM
Building Area
919 SQM

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