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Brand New Childcare Investment

20 Elmslie Drive, CRANBOURNE VIC, 3977

Sold

Property Sold in 20 Elmslie Drive, CRANBOURNE VIC, 3977

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11227748
Status:
Sold
Price:
Price on Request
Last Updated:
22/07/2019
Icon building

Property Type

Medical/Consulting/Retail/Offices
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Land Area

2185 SQM
Icon size

Floor Area

913 SQM
Icon parking

Parking

N/A

Brand New Childcare Investment

New 10 year lease to One Early Education Group to 2027
Four further 5 year options to 2047
One Early Education Group: experienced and successful child care provider
Fixed 3% annual rent increases / tenant pays all usual outgoings
Brand new 913 sqm facility, licensed for 125 LDC places
Prominent 2,185 sqm corner site with triple street frontage of over 175m
Strategically located directly opposite Casey Fields: a $30 million, multi-sports complex development
Cranbourne: booming metropolitan location within City of Casey: Victoria’s most populous council with a current population of
297,034 and forecast to grow to 492,497 (65%) by 2041
Significant income tax saving depreciation benefits
Net income: $298,000 pa + GST

Auction 11am AEST Wednesday 5 April 2017
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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