Impressive Childcare Investment

55A Union Road , Langwarrin VIC

Property Highlights

New 15 Year Net Lease + opts to 2057
100% Occupancy with Waitlist
Tenant pays all usual outgoings

Description

+New 15 year net lease to Platypus Junction to 2037.
+Two further 10 year options to 2057.
+Platypus Junction: premium, early education provider with 20+ years industry experience and with a current network of four Melbourne centres.
+Fixed 3% annual rent increases in lease years one and two, and then annual CPI reviews thereafter.
+As new construction with significant depreciation benefits.
+Tenant pays all usual outgoings.
+Strong performing centre with 100% Occupancy and extensive waitlist.
+Architecturally designed child care centre with service approval for 142 LDC places.
+Strategic position within metres from St Jude’s Primary School, Elisabeth Murdoch College and Langwarrin Primary School.
+Substantial 2,528 sqm main road site, 470 metres from The Gateway Shopping Centre anchored by Coles and within close proximity of Karingal Hub Shopping Centre, underpinned by Aldi, Coles and a selection of 90+ other specialty stores.
+Langwarrin: a vibrant and family centric community, positioned at the gateway to the popular Mornington Peninsula and Gippsland region and only 42km south-east of the Melbourne CBD.
+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: $495,753 pa + GST.

For Sale by Private Treaty

*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,528 SQM
Building Area
1 SQM

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