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THE ULTIMATE CHILDCARE INVESTMENT LEASED TO AUSTRALIA'S PREMIER PROVIDER
38A Coonans Road, Pascoe Vale South VIC 3044
15 Year Net Lease + options to 2055
Fixed 3.5 % annual rent increases
Large 2,731 sqm* corner site
11.15am (AEST) Thursday 11 November 2021
*approx
**Mitchell Institute, Australian Investment in Education: Early Learning
Fixed 3.5 % annual rent increases
Large 2,731 sqm* corner 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 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 child care facility, with approval for 136 LDC places
- Situated within a significant education precinct, 13 schools within a 2 kilometre radius of the site, combining to service 9,545 full time students
- High profile 2,731 sqm* landholding metres from the Citylink and only 8km from the Melbourne CBD
- As 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: $546,324 pa* + GST (March 2022)
11.15am (AEST) Thursday 11 November 2021
*approx
**Mitchell Institute, Australian Investment in Education: Early Learning