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Strong Trading Childcare | 15 Year Net Lease + Options to...

2 Shimmer Street, EPPING VIC, 3076

Sold

Property Sold in 2 Shimmer Street, EPPING VIC, 3076

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11385614
Status:
Sold
Price:
Price on Request
Last Updated:
25/06/2020
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Property Type

Medical/Consulting/Retail/Other
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Land Area

2979 SQM
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Floor Area

917 SQM
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Parking

N/A

Strong Trading Childcare | 15 Year Net Lease + Options to 2055

+ New 15 year Net Lease to Wallaby Childcare to 2035
+ Two further 10 year options to 2055
+ Wallaby Childcare: experienced premium private operator with five centres across Melbourne
+ Tenant pays all usual outgoings
+ Impressive 917 sqm purpose built child care facility approved for 150 LDC places
+ Fixed 3% annual rent increases with market reviews at the commencement of each further term
+ Large 2,979 sqm triple street frontage site directly opposite St Mary McKillop Primary School (500+ students enrolled)
+ Strong performing centre with consistent occupancy in excess of 90% and rated “Exceeding” under the National Quality Framework (NQF)
+ Strategically positioned within an established residential community, close proximity to Epping shopping precinct and 21 kilometres north from the Melbourne CBD
+ City of Whittlesea: one of Australia’s fastest growing municipalities with forecast growth to 388,417 residents (65% increase) by 2041
+ Net Income: $417,575 + GST and Outgoings

Auction 10.30am AEST Wednesday 24 June 2020
River Room, Crown Casino, Melbourne

To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.

For more details, please email agent


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Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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