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Impressive New Childcare Investment | 20 Year Net Lease

61-63 Chandler Road, NOBLE PARK VIC, 3174

For Sale

Property for Sale in 61-63 Chandler Road, NOBLE PARK VIC, 3174

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11385615
Status:
Active
For:
Sale
Price:
Price on Request
Last Updated:
07/07/2020
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Property Type

Medical/Consulting/Retail/Other
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Land Area

1209 SQM
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Floor Area

642 SQM
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Parking

N/A

Impressive New Childcare Investment | 20 Year Net Lease

+ New 20 year Net Lease to Story House Early Learning to 2040
+ Three further five year options to 2055
+ Story House Early Learning: experienced early education provider with a network of 37 centres nationally
+ Tenant pays all usual outgoings including land tax (single holding basis)
+ Desirable 3% annual rent increases with market reviews at the commencement of each further term
+ Impressive, new 642 sqm multi-storey purpose-built child care facility licensed for 92 LDC places
+ New construction with significant depreciation benefits
+ Strategically positioned 600m from the Princes Highway/Eastlink Junction and 25km south east from the Melbourne CBD
+ Positioned within significant education precinct (18 schools within a 3km radius)
+ Child Care/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector during the 2019–20 financial year
+ Net Income: $303,600 + GST and Outgoings

For Sale

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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