Long Established Childcare Investment | 20 Year Net Lease to Global Tenant
50 Brunnings Road , Carrum Downs VIC
Property Highlights
Description
+20 year net lease to Busy Bees to 2027
+Two further 10 year options to 2047
+Busy Bees: UK-based, global early childhood education operator with more than 850 centres worldwide, including 222 in Australia and New Zealand
+Annual CPI rent reviews
+Tenant pays all usual outgoings
+Well-maintained 91 LDC place child care centre, with significant capital upgrade to external playscapes
+Security of 12-month bank guarantee
+Large 2,463 sqm site with triple street frontage and only metres from Carrum Downs Secondary College and Banyan Fields Primary School
+Prime position with close proximity to Carrum Downs Shopping Centre and with ease of to both the Dandenong – Frankston Road and Eastlink, major arterials connecting the Melbourne CBD to the southeastern suburbs
+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: $300, 481 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 3 August 2022
Crown Casino – River Room
*approx
Property Details
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