For Sale

EXCEPTIONAL CHILDCARE INVESTMENT LEASED TO LEADING BOUTIQUE PROVIDER

82-86 West Street, Hadfield VIC 3046

NEW 15 YEAR NET LEASE + OPTIONS TO 2057
FIXED 3.5% ANNUAL RENT INCREASES
TENANT PAYS LAND TAX
  • 15 year net lease to Advance Childcare to 2037
  • Two further 10 year options to 2057
  • 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 845 sqm* multi-level childcare facility, with service approval for 126 LDC places
  • Large 1,839 sqm* main road site, 350 metres* from Woolworths, and only 11 kilometres* from the Melbourne CBD
  • Situated within a significant schooling precinct, 10 schools within a 2 kilometre* radius, including Westbreen and St Thomas Moore Primary Schools, both located within 650 metres*
  • 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: $506,142 pa + GST

For Sale by Investment Portfolio Auction
11.00 am (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]