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Impressive Childcare Investment

9 Bulimba Drive, Doreen VIC

Property Highlights

Secure 10 yr lease + options to 2046
Fixed 3.75% pa rent increases
Comprehensive Development Zone

Description

Impressive and established childcare investments located in one of Melbourne’s key growth locations
10 year leases to Little Flyers to September 2026
Four further five year options to September 2046
Desirable 3.75% fixed annual rent increases plus market reviews
Highly sought-after comprehensive Development Zone sites, providing significant future development opportunity and upside (STCA)
Little Flyers: a wholly owned subsidiary of the highly successful and well regarded Eltham College Foundation
Impressive 839 sqm purpose-built child care facility licensed for 126 LDC places
Large 2,424 sqm triple street frontage Comprehensive Development Zone site only 100 metres from the Laurimar Town Centre
Strategic location adjoining Laurimar Community Centre and opposite Laurimar P-6 Primary School (1,077 students currently enrolled)
Net Income: $266,430 pa + GST and Outgoings

Auction 11am AEST Wednesday 9 May 2018
River Room, Crown Casino, Melbourne

Also available for sale:
1 The Crossing, Caroline Springs VIC
http://www.realcommercial.com.au/502775750

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,424 SQM
Building Area
839 SQM

Contact Agents

Adam Thomas

+610 418 998971

Contact Me

Natalie Couper

0413 856 983

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