Impressive Metro Melbourne Childcare Investment | Attractive 4% pa Rent Increases

Burgess Rawson is pleased to offer to the market 59-61 Para Road, Montmorency (Melbourne) VIC for sale via Expressions of Interest

This opportunity has the following key investment highlights:

+ 15-year net lease to Nino Early Learning Adventures to 2035.
+ Two further 10-year options to 2055.
+ Nino Early Learning Adventures: highly experienced, family owned and operated early education provider with a network of 13 centres across Melbourne.
+ Desirable 4% fixed annual rent increases.
+ Tenant pays all usual outgoings.
+ Impressive dual level centre, licensed for 110 LDC places.
+ Positioned within a significant educational precinct, with seven primary schools all within 1.4 kilometre radius of the centre.
+ Substantial 2,423sqm* site with prominent exposure to Para Road with over 16,000 passing vehicles daily.
+ Situated less than 650 metres* from major retailers including ALDI, Chemist Warehouse, Bottlement, F45, Domino’s and Subway.
+ Montmorency: well- established family-oriented suburb situated only 18km* from Melbourne CBD and located in a high-growth LGA with a projected 20% population increase by 2041.
+ Childcare/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 with a child in care.***
+ Net Income: $411,964 pa* + GST

For Sale via Expressions of Interest
Closing 3:00pm (AEDT) Thursday 29 February 2024

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