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Strong Trading Childcare Investment

26 Glenelg Drive, BENDIGO VIC, 3550

Sold

Property Sold in 26 Glenelg Drive, BENDIGO VIC, 3550

Listing ID:
11236879
Status:
Sold
Price:
Price on Request
Last Updated:
22/07/2019
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Property Type

Medical/Consulting/Offices/Retail
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Land Area

2329 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

Strong Trading Childcare Investment

New 20 year lease to Jenny’s Early Learning to 2037
Two generous 10 year options to 2057
Jenny’s ELC: highly regarded and successful childcare provider with four locations in Bendigo
Long established & strong trading child care facility currently trading at 97% occupancy
Fixed 3% annual rental increases/Tenant pays all usual outgoings
High quality double-brick facility constructed in 2008 and licensed for 87 places
Substantial 2,329 sqm site with over 69 metre street frontage
City of Greater Bendigo: current population of over 114,000 and forecast to grow to over 134,000 (18.7% increase) by 2026. Source ABS
Net Income: $200,100 pa

Auction 11am AEST Wednesday 17 May 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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