50 Brunnings Road Carrum Downs VIC 3201

+20 year net lease to Busy Bees to 2027
+Two further 10 year options to 2047
+Busy Bees: UK-based, global early childhood education operator with more than 850 centres worldwide, including 222 in Australia and New Zealand
+Annual CPI rent reviews
+Tenant pays all usual outgoings
+Well-maintained 91 LDC place child care centre, with significant capital upgrade to external playscapes
+Security of 12-month bank guarantee
+Large 2,463 sqm site with triple street frontage and only metres from Carrum Downs Secondary College and Banyan Fields Primary School
+Prime position with close proximity to Carrum Downs Shopping Centre and with ease of to both the Dandenong Frankston Road and Eastlink, major arterials connecting the Melbourne CBD to the southeastern suburbs
+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: $300, 481 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 3 August 2022
Crown Casino - River Room

*approx