Strong Trading Childcare Centre Adjoining Shopping Centre

Description

Burgess Rawson is pleased to offer to the market, 26 Riverview Drive, Kialla (Shepparton) VIC, for sale via Portfolio Auction, to be held 10:30am (AEST) Wednesday 30 October 2024, at Crown Casino, Melbourne.

This opportunity has the following key investment highlights:

+ 10-year net lease to Inspira Kids plus a further 10 year option.
+ Inspira Kids: A premium early childhood education provider with five centres across Australia and affiliations in China and Singapore, delivering high-quality early learning programs.
+ Fixed 3% Annual Rent Increases, ensuring future rental growth.
+ Tenant pays all usual outgoings.
+ Current rental sitting below market value ($2,500 per/place), with market review due in 2027.
+ As new building offering significant tax depreciation benefits.
+ Well-established 122-LDC place facility with strong trading history and a long waitlist reflecting robust demand in this location.
+ Expansive 3,307 sqm site adjoining Riverside Plaza a major retail hub anchored by Coles, Harvey Norman & KFC and 28+ specialty stores, providing excellent exposure and foot traffic.
+ Within a 3km radius of fours schools including the notable Kialla West Primary School and Kialla Central School.
+ Conveniently positioned with direct access to the Goulburn Valley Highway, servicing 25,000+ vehicles daily, providing seamless connectivity to Shepparton’s major transport routes and town centre.**
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the federal government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion to the Cheaper Childcare Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^.
+ Net Income: $305,458 pa + GST*

To be sold via Investment Portfolio Auction #172
Wednesday 30 October 2024
10:30am (AEDT), Crown Casino, Melbourne

*approx
**Gapmaps

Enquire

Contact agents
Justin Kramersh Senior Sales Associate
0460 349 605
Natalie Couper Partner
0413 856 983
Enquiry Form

Kialla, VIC

26 Riverview Drive

For Sale by Portfolio Auction
Wednesday 30th October 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 172

Price: Contact Agent

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