Strong Trading Childcare Investment | New 15 Year Net Lease to 2038 + Options

985B Mickleham Road , Greenvale VIC

Property Highlights

Fixed 3% annual rent increases
Large 2,146sqm* corner site
Significant deprecation benefits
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Burgess Rawson is pleased to offer to the market, 985B Mickleham Road, Greenvale, VIC for sale via Expressions of Interest Campaign closing 3pm Thursday 21st of September 2023.

This opportunity has the following key investment highlights:
+ New 15 year net lease to Montessori Beginnings to 2038
+ One 10 year option plus 3 further 5 year options to 2063
+ Montessori Beginnings: experienced Victorian operator with 9 current centres plus 4 further locations opening soon
+ Desirable 3% annual rent increases
+ Tenant pays all usual outgoings
+ Impressive centre licensed for 100 LDC places
+ Strategically positioned in a desirable schooling catchment with close proximity to two newly built primary schools, both within 700 metres
+ As-new construction providing significant depreciation benefits
+ Large 2,146sqm* corner site, within close proximity to the Coles anchored Greenvale Shopping Centre and only 21km* north from the CBD
+ Conveniently situated along Mickleham Road, this property offers direct access to the Tullamarine Freeway, ensuring seamless access to the Melbourne CBD
+ Hume City: one of the fastest and largest growing municipalities in Melbourne with a resident population of more than 259,962 and forecast to increase to 388,891 by 2041 (49.6% increase)
+ Child Care/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: $345,625 pa* + GST

For Sale by Expressions of Interest
Closing 3pm (AEST) Thursday 21 of September 2023.

Please contact the exclusively appointed team Burgess Rawson team for more information:

^ Australian Government – Department of Education | Child Care Subsidy Reform

Property Details

Current Tenant
Occupancy Type
Land Size
2,146 SQM
Building Area
640 SQM

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