For Sale

STUNNING CHILDCARE INVESTMENT LEASED TO LEADING BOUTIQUE PROVIDER

1342 High Street Road, Wantirna South VIC 3152

15 Year Net Lease + options to 2056
Fixed 3.5 % annual rent increases
Large 2,461 sqm* corner site
  • 15 year net lease to Advance Childcare to 2036
  • Two further 10 year options to 2056
  • 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 multi-level child care facility, with approval for 140 LDC places
  • Large 2,461 sqm* main road corner site, only metres from Eastlink interchange, and 20km from the Melbourne CBD
  • Situated within significant education precinct (15 schools within a 3km radius plus access to Swinburne University)
  • High profile location with 21,000+ vehicles passing daily, within close proximity to The Glen Shopping Centre, underpinned by Woolworths, Coles, and a selection of 140+ specialty stores
  • 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: $562,380 pa* + GST

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

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

Contact

Joseph Carbone

Direct: +61 3 9662 3030

Mobile: 0418 351 316

Email: [email protected]

Frank Vinci

Direct: +61 3 9662 2025

Mobile: 0418 375 375

Email: [email protected]