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197-199 Murrindal Drive
Rowville VIC 3178
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Sold on 6 Dec 2023

197-199 Murrindal Drive Rowville VIC 3178

  • Medical / Consulting
  • 370 m²
  • Sold

Strategic Childcare Investment Adjoining School | New 15 Year Net Lease to 2037 + Options

    Burgess Rawson is pleased to offer to the market 197-199 Murrindal Drive, Rowville VIC for sale via our Investment Portfolio Auction 165.

    This opportunity has the following key investment highlights:

    + New fifteen (15) year net lease to June 2037
    + Two (2) further ten (10) year options to 2057
    + Discovery Bay Early Learning: premium 'Montessori' early education provider with a current network of 8 centres across Victoria
    + Fixed 3% annual rent increases, ensuring future income growth
    + Tenant pays all usual outgoings
    + Newly refurbished facility, offering significant depreciation benefits
    + Modern purpose-built centre licensed for 76 LDC places
    + Established and long trading centre since 1995
    + Strategically positioned adjoining Karoo Primary School (495+ enrolments), and situated in a favorable educational precinct, featuring an additional 9 schools within a 3km radius
    + Substantial 1,489sqm* landholding conveniently located within 3km* of major retail amenities including major centres Rowville Lakes Shopping Centre, HomeCo Knoxfield, Wellington Village Shopping Centre & Stud Park Shopping Centre
    + Rowville: established family-orientated suburb with excellent access to key retail, commercial and transport amenities, and located only 27km* from the Melbourne CBD
    + Child Care/Early Education is an essential service and one of Australia's most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform taking effect from July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^
    + Net Income: $252,110 pa* + GST

    For Sale by Investment Portfolio Auction
    10:30am AEDT Wednesday 6 December 2023
    River Room, Crown Casino, Melbourne

    Please contact the exclusively appointed team for more information.

    *Approx.
    ^ Australian Government - Department of Education | Child Care Subsidy Reform

    AUCTION

    Auction date and time06/12/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson Queensland
    Burgess Rawson Queensland
    Level 13, 241 Adelaide Street
    Brisbane City, QLD 4000

    Property Highlights

    Date Sold6 Dec 2023
    Floor Area370 m²
    Land Area1,489 m²
    ParkingAsk Agent
    Property ID2018879616
    Category
    Last updated  7 Dec 2023
    Map for 197-199 Murrindal Drive Rowville VIC 3178
    Burgess Rawson Queensland
    Burgess Rawson Queensland
    Level 13, 241 Adelaide Street
    Brisbane City, QLD 4000

    Property Highlights

    Date Sold6 Dec 2023
    Floor Area370 m²
    Land Area1,489 m²
    ParkingAsk Agent
    Property ID2018879616
    Category
    Last updated  7 Dec 2023

    Co-Agents

    Adam Thomas
    Burgess Rawson Queensland
    Call
    0418 998 971
    Natalie Couper
    Burgess Rawson VIC Pty Ltd
    Call
    0413 856 983

    More about 197-199 Murrindal Drive Rowville VIC 3178

    197-199 Murrindal Drive Rowville VIC 3178 is categorized as Medical & Consulting Property. It has a floor area of 370 m² and a land area of 1,489 m². The listing ID for this property is 2018879616.

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