For Sale

DOMINANT CHILDCARE INVESTMENT IN HIGHLY POPULATED CITY FRINGE LOCATION

3 Flockhart Street, Abbotsford VIC 3067

Vinci Carbone in conjunction with Burgess Rawson are pleased to offer to the market, Guardian Early Learning Centre located in Abbotsford VIC, for sale by an Expression of Interest campaign closing Thursday 20 June 2024 at 4:00pm.

The property has the following investment highlights:
  • 15-year net lease to Guardian Early Learning to 2032.
  • One further 10-year option to 2042.
  • Guardian Childcare: leading national early education provider, educating more than 15,000 children per day across 174 locations.
  • Attractive 4% annual rent increases, ensuring future rental growth.
  • Tenant pays all usual outgoings.
  • Established and successful childcare centre licensed for 120 LDC places.
  • Conveniently located within walking distance to Victoria Gardens Shopping Centre underpinned by Coles, Ikea, Kmart, and numerous other national retailers.
  • Strategically positioned in the heart of a bustling urban centre, this location adjoins neighbouring blue-ribbon suburbs while providing convenient access to various transportation networks. Situated mere meters away from both train and tram options as well as Hoddle Street, providing ease of connectivity to the city.
  • 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 dedicated 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: $606,616 pa* plus GST. (As at 1 July 2024)

For Sale by Expressions of Interest
Closing Thursday 20 June 2024 at 4:00pm

*Approx
 

Contact

Frank Vinci

Direct: +61 3 9662 2025

Mobile: 0418 375 375

Email: [email protected]

Joseph Carbone

Direct: +61 3 9662 3030

Mobile: 0418 351 316

Email: [email protected]