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Exceptional Childcare Investment Leased to Leading Boutique Provider

82-86 West Street , Hadfield VIC

Property Highlights

New 15 Year Net Lease +options to 2057
Fixed 3.5 % annual rent increases
Tenant pays land tax

Description

+ 15 year net lease to Advance Childcare to 2037
+ Two further 10 year options to 2057
+ Advance Childcare: experienced boutique operator with multiple Melbourne metro locations
+ Attractive 3.5% annual rent increases, plus ‘ratchet’ provisions at market review, guaranteeing rental growth
+ Current occupancy of 100% with extensive wait-list
+ Tenant pays all outgoings including land tax
+ Premium 845sqm multi-level child care facility, with service approval for 126 LDC places
+ Large 1,839 sqm main road site, 350 metres from Woolworths, and only 11 kilometres from the Melbourne CBD
+ Situated within a significant schooling precinct, 10 schools within a 2 kilometre radius, including Westbreen and St Thomas Moore Primary Schools, both located within 650 metres
+ New construction with significant depreciation benefits
+ 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: $506,142 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

*Mitchell Institute, Australian Investment in Education: Early Learning.

+ ??15?????Advance Childcare ?2037?
+ ??10????2057?
+ Advance Childcare: ??????????????????????????????
+ ?????3.5%?????????”Rachet”???????????????
+ ??????100%???????????
+ ????????????
+??845????????????126??????
+ ??1,839????????Woolworths?350???????????11??
+ ????????????2?????10???????Westbree???St Thomas Moore?????????650?
+ ????????????????
+ ?????????????????????????????????????????2021-22???????????????$103?????$17??????
+ ???????$506,142+ ? + ??

?????
2021?12?15????11?????????

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Zomart He ???? 0488 220 830

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
1,839 SQM
Building Area
845 SQM

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