As New Childcare Investment | 15 + 10 + 10 Year Net Lease to 2057

Burgess Rawson is pleased to offer to market the Where We Grow Early Learning Centre located at 5-7 Craigieburn Road, Craigieburn VIC for sale via Expressions of Interest.

This opportunity has the following key investment highlights:

+ Fifteen (15) year net lease to August 2037
+ Two (2) further ten (10) year options to August 2057
+ Where We Grow: highly successful privately owned childcare operator with a network of three Melbourne locations plus numerous centres interstate under separate branding
+ Fixed annual 3% rent increases with ratchet provisions at market review, ensuring future income growth
+ Tenant pays all outgoings including land tax
+ As new 650sqm* NLA purpose-built childcare licensed for 92 LDC places, offering substantial depreciation benefits
+ Strategically located in a heavily undersupplied childcare catchment with a ratio of 4.76 (0-5 year olds) per long day care (LDC) place
+ Prominent 1,759sqm* site located in a prime schooling catchment, with 13 schools within a 3km radius including: Mount Ridley College (2,600+ enrolments), Hume Anglican Grammar School (1,600+ enrolments) & Kolbe Catholic College (1,060+ enrolments)
+ Conveniently positioned opposite the Woolworths anchored Craigieburn Plaza and an additional four shopping centres within a 3km radius including Craigieburn Central Shopping Centre, IGA Xpress Grand Boulevard, Highlands Shopping Centre & Greenvale Lakes Shopping Centre
+ City of Hume: significant growth corridor of Greater Melbourne, with the resident population forecast to increase to 388,891 (49.6% increase) by 2041^
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families (1.2 million) with a child in care^
+ Net Income: $322,184 pa* + GST

For Sale by Expressions of Interest Closing 3:00pm AEST Tuesday 26 September 2023.

Please contact the exclusively appointed Burgess Rawson childcare team for more information.

*Approx.
^Hume City Council
^^Australian Government – Department of Education | Child Care Subsidy Reform