12-18 Barkly Terrace Mitcham VIC 3132

Burgess Rawson is pleased to offer to the market, Joyful Learning ELC located in Mitcham VIC, for sale via our Auction Investment Portfolio 156.

This investment has the following key investment highlights:

+Secure 10-year net lease to Joyful Learning ELC to 2030.
+Three further 10-year options to 2060.
+Joyful Learning ELC: family owned and operated boutique provider.
+Attractive 3% annual rent increases.
+Tenant pays all usual outgoings.
+Immaculate purpose-built childcare centre approved for 54 LDC places.
+Near new construction (2020) with significant depreciation benefits.
+Strategically positioned 1,289sqm site adjoining Mitcham Train Station, and within ease of access to five schools.
+Conveniently located 250 metres from the Coles-anchored Mitcham Retail Centre, and within close proximity to Ringwood Square Shopping Centre and Eastland, underpinned by major retailers Coles, Woolworths and over 500 specialty retailers.
+Mitcham: popular family-oriented suburb located 20 kilometres* east from the Melbourne CBD.
+Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year*
+Net Income: $214,131 pa plus GST.

*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 26 October 2022
Crown Casino - River Room