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Highly Sought-After Childcare Investment

8 Parliament Street, Point Cook VIC

Property Highlights

Secure 15 + 10 yr lease to 2039
Fixed 4% annual rent increases
National provider with 30 centres

Description

Secure 15 year lease to Sparrow Early Learning to 2029
One further 10 year option to 2039
Sparrow Early Learning: experienced and successful early education provider with 30 centres nationally
Desirable 4% annual rent increases
As new 850 sqm purpose built facility, licensed for 114 places
Prominent 2,383 sqm corner site with dual street frontage of 108 metres
Strategically located only 1.7km from the Coles and kmart anchored Sanctuary Lakes Shopping Centre and 25km from the Melbourne CBD
Wyndham City: one of the largest growth areas in Australia and expected to grow by a further 377,000 residents with an additional 164,000 jobs over the next 30 years
Net Income: $319,486 pa

Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,383 SQM
Building Area
850 SQM

Contact Agents

Adam Thomas

0418 998 971

Contact Me

Natalie Couper

0413 856 983

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