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Brand New Childcare Investment leased to National Provider

31-33 Station Lake Road, LARA VIC, 3212

Sold

Property Sold in 31-33 Station Lake Road, LARA VIC, 3212

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11245260
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

3792 SQM
Icon size

Floor Area

847 SQM
Icon parking

Parking

N/A

Brand New Childcare Investment leased to National Provider

New 20 year lease to Sparrow Early Learning to 2037
Sparrow Early Learning: experienced and highly successful early education provider with 30 centres nationally
Three further 5 year options through to 2052
Desirable 3% annual rental increases and to market at option
Tenant pays all outgoings including land tax and management fees
Brand new 847 sqm purpose-built child care facility, licensed for 130 LDC places
Substantial 3,792 sqm main road site 750 metres from Coles, McDonald’s and 1.2km from Lara Railway Station
Lara: strategic ‘high-growth’ location 12km north from the Geelong CBD and 52km south west from the Melbourne CBD
Net Income: $292,500 pa + GST and Outgoings

For more details, please email agent


Downloadable File(s)

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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