51 Gladstone Parade Glenroy VIC 3046

Burgess Rawson is pleased to offer to the market Busy Bees located at 51 Gladstone Parade, Glenroy VIC for sale via our Investment Auction Portfolio 174.

This opportunity has the following key investment highlights:

+ Renewed ten year net lease to October 2034
+ Three (3) further ten (10) year options to October 2064
+ Busy Bees: UK based global early education provider with 850+ centres worldwide, including 224 in Australia and New Zealand
+ Annual CPI rent reviews, with a market review every five (5) years
+ Tenant pays all usual outgoings
+ An established and high-performing 75 place LDC facility with recent tenant-funded capital upgrade
+ Strategic 1,395sqm* corner site directly opposite Penola College (Junior Campus) and 300 metres* from Glenroy West Primary School
+ Conveniently located within close proximity to Glenroy's major retail and lifestyle amenities, including Glenroy Central, Coles, Woolworths, Glenroy Train station and an array of specialty stores.
+ Strategically positioned within 650 metres* of Pascoe Vale Road, a key arterial route offering seamless access to Melbourne's CBD and surrounding suburbs
+ Glenroy: a thriving and evolving inner northern suburb located 12km* from Melbourne's CBD, driven by ongoing urban development and a growing demand for childcare, education, and family-oriented services
+ Childcare/Early Education is an essential service with both Federal and State Governments allocating $14.8 billion of funding for FY24, with an additional $4.7 billion dedicated to the cheaper childcare reform which took effect in July 2023
+ Income: $237,300 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 19 February 2025
Crown Casino, Melbourne

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

*Approx.