Impressive Childcare Investment in High Growth Location
55-57 Macedon Street , Sunbury VIC
Property Highlights
Description
Burgess Rawson is pleased to offer to the market, 55-57 Macedon Street, Sunbury VIC for sale via Private Treaty.
This investment has the following key investment highlights:
+Secure 15-year net lease to Woodlands Early Learning to 2032.
+Two further 10-year options to 2052.
+Woodlands Early Learning: boutique early education provider with 9 centres soon to be open across Victoria.
+Fixed 3% annual rent increases.
+Tenant pays all usual outgoings.
+Impressive 901sqm childcare centre licensed for 144 LDC places.
+As new construction offering depreciation benefits.
+Large 3,035sqm* main road corner site opposite Our Lady of Mt Carmel Primary School and with exposure to 22,000 passing vehicles daily.
+Superb central location metres from the Sunbury CBD, with prominent access to national retailers Woolworths, Dan Murphy’s, Big W, Target, and the Coles-anchored Sunbury Square Shopping Centre.
+Sunbury: high growth location 38km from Melbourne CBD and servicing a catchment of 65,000+ residents, with population forecast to increase 155%+ by 2041.
+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 2022 the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year*
+Net Income: $427,056 pa + GST
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
For Sale by Private Treaty
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