Burgess Rawson is pleased to offer to the market, 26 Riverview Drive, Kialla (Shepparton) VIC, for sale via Portfolio Auction, to be held 10:30am (AEST) Wednesday 30 October 2024, at Crown Casino, Melbourne.
This opportunity has the following key investment highlights:
+ 10-year net lease to Inspira Kids plus a further 10 year option.
+ Inspira Kids: A premium early childhood education provider with five centres across Australia and affiliations in China and Singapore, delivering high-quality early learning programs.
+ Fixed 3% Annual Rent Increases, ensuring future rental growth.
+ Tenant pays all usual outgoings.
+ Current rental sitting below market value ($2,500 per/place), with market review due in 2027.
+ As new building offering significant tax depreciation benefits.
+ Well-established 122-LDC place facility with strong trading history and a long waitlist reflecting robust demand in this location.
+ Expansive 3,307 sqm site adjoining Riverside Plaza a major retail hub anchored by Coles, Harvey Norman & KFC and 28+ specialty stores, providing excellent exposure and foot traffic.
+ Within a 3km radius of fours schools including the notable Kialla West Primary School and Kialla Central School.
+ Conveniently positioned with direct access to the Goulburn Valley Highway, servicing 25,000+ vehicles daily, providing seamless connectivity to Shepparton's major transport routes and town centre.**
+ 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 2023-24 period, the federal government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion to the Cheaper Childcare Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^.
+ Net Income: $305,458 pa + GST*
To be sold via Investment Portfolio Auction #172
Wednesday 30 October 2024
10:30am (AEDT), Crown Casino, Melbourne
*approx
**Gapmaps
