310-312 Springvale Road Forest Hill VIC 3131

Burgess Rawson is pleased to offer to the market, 310-312 Springvale Road, Forest Hill VIC for sale via our Investment Portfolio Auction 160.

This opportunity has the following key investment highlights:

+ Secure 15 year net lease to Montessori Academy to 2036.
+ Two further 10 year options to 2056.
+ Montessori Academy: long-standing and successful business with a network of 40+ childcare centres across Australia and China.
+ Annual fixed 3% rent increases.
+ Tenant pays all usual outgoings.
+ Impressive childcare centre licenced for 96 LDC places.
+ As new construction offering significant depreciation benefits.
+ Significant 1,390sqm landholding fronting Springvale Road, a key activity precinct servicing many local businesses and providing a north to south connection from Doncaster East to Edithvale, whilst providing exposure to 53,000+ passing vehicles daily.
+ Situated amongst significant educational precinct 10 schools within 2 kilometre radius.
+ Conveniently located 580 metres from Forest Hill Chase, a three-level major regional shopping centre anchored by Coles, Woolworths, Big W, Target, ALDI, HOYTS and AMF Bowling, and supported by 131 specialty retailers. The site is also within close proximity from the Harvey Norman-anchored Nunawading Home HQ, and Brentford Square Shopping Centre, underpinned by Woolworths.
+ City of Whitehorse: popular family-oriented municipality home to 180,340 residents, forecast to increase over 23% by 2041.
+ 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 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^.
+ Net Income: $350,762 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne

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