32 Heyington Avenue Thomastown VIC 3074

Burgess Rawson is pleased to offer to the market Journey Early Learning Thomastown located at 32 Heyington Avenue, Thomastown VIC for sale via our Investment Auction Portfolio 171.

This opportunity has the following key investment highlights:

+ New fifteen (15) year lease to 2039
+ Three (3) further fifteen (15) year options to 2084
+ Journey Early Learning: premium early education provider with a network of 38 centre's and growing
+ Desirable 3% fixed annual increases
+ Tenant pays all outgoings including land tax
+ Strong-trading business with the centre operating at capacity with an extensive waitlist
+ Prominent 1,394sqm* site with dual-street frontage located directly opposite to Thomastown business and industrial precinct servicing a rapidly expanding surrounding population
+ Established 80 LDC place centre over two levels with 16 onsite car parks - rare opportunity to purchase below replacement cost
+ Well positioned within a strong schooling catchment - twenty (20) schools within a 3km* of the centre combining to service 8,237 students*
+ Located 14km* from Melbourne CBD, 1.7km* from Thomastown's main retail district, and 4.4km* from Epping Plaza Shopping Centre, anchored by Coles, Big W, and 175 speciality stores
+ Strategically located in a growth corridor witnessing an influx of approximately 156 new residents each week. Additionally, an average of 76 babies are born weekly^^
+ City of Whittlesea: one of the largest municipalities in metropolitan Melbourne with the population projected to increase by 43.87% to 360,692 by 2041**
+ Net Income: $355,000 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 18 September 2024
The Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson childcare team for more information.

*Approx.