72 East Street Woodend VIC 3442

Burgess Rawson is pleased to offer to the market, 72 East Street, Woodend VIC. For sale via Portfolio Auction, to be held 10:30am (AEST) Wednesday 18 September 2024, at Crown Casino, Melbourne.

This opportunity has the following key investment highlights:
+ 10-year net lease to 2029
+ Three further ten year options to 2059
+ Nido Early School: Premium early childhood education and care provider with a network of 104 centres across Australia.
+ Fixed 3% annual rent increases with market reviews every five years
+ Tenant pays all usual outgoings including management fees
+ Established and successful childcare centre in operation since 1998, and rated 'Exceeding' under the National Quality Standards (NQS)
+ High-performing 82 LDC place facility pending $489,000 tenant funded playscapes upgrades
+ Located within metres of Woodend Primary School & Macedon Ranges St Ambrose Parish Primary School
+ Strategically positioned within 200 metres of East Street and Romsey Road servicing 5,300 vehicles daily.
+ Expansive 3,162sqm* site within close proximity to the town centre featuring Coles, BP, IGA &19th Hole Shopping centre underpinned by K-Mart
+ 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 dedicated 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: $201,550 pa + GST*

For Sale via Portfolio Auction to be held
10:30am (AEST) Wednesday 18 September 2024, at Crown Casino, Melbourne.

Please contact the exclusively appointed team for more information.

Agents:
Natalie Couper 0413 856 983
Justin Kramersh 0460 349 605
^^^ Australian Government Department of Education