For Sale

STUNNING INNER-CITY CHILDCARE INVESTMENT LEASED TO AUSTRALIA'S PREMIER PROVIDER

484-486 Victoria Street, Brunswick West VIC 3055

15 YEAR NET LEASE TO 2035 + OPTIONS
FIXED 3.5% ANNUAL RENT INCREASES
1,836 SQM* TRIPLE STREET FRONTAGE SITE

 
  • 15 year net lease to Only About Children to 2035
  • Two further 10 year options to 2055
  • Only About Children (OAC): high quality and award-winning operator with a network of 76 centres nationally
  • Attractive 3.5% annual rent increases, plus ‘ratchet’ provisions at market review, guaranteeing rental growth
  • Strong-trading business at 100% occupancy when acquired by OAC in 2020
  • Tenant pays all outgoings including land tax
  • Impressive childcare facility, with service approval for 134 LDC places
  • Substantial 1,836 sqm* landholding with triple street frontage
  • Located metres from Sydney Road, the longest retail shopping strip in the southern hemisphere and only 5 km* from the Melbourne CBD
  • 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: $538,290 pa + GST (March 2022)

For Sale by Investment Portfolio Auction
11:00AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

*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]