Burgess Rawson is pleased to offer to the market, Elles Belles Early Learning located in Ormond VIC, for sale via an Expression of Interest campaign closing Thursday 27 June 3pm (AEST).
The property has the following key investment highlights:
+ 15-year net lease to Elles Belles Early Learning to 2037.
+ Two further 10-year options to 2057.
+ Elles Belles Early Learning : boutique operator with a further strong-trading centre in Cheltenham.
+ Desirable rent increases to the greater of CPI or 3%pa, ensuring rental growth.
+ Tenant pays all outgoings including land tax.
+ Impressive double storey childcare facility, with service approval for 94 LDC places and basement parking for 20 cars.
+ Strategic 1,026 sqm main road 'city-bound' site, with exposure to 39,000 + vehicles passing daily and located only 12 kilometres from the Melbourne CBD.
+ The centre is located within the McKinnon school zone, including one of Victoria's top ranking high schools McKinnon Secondary College, McKinnon Primary School, Valkstone Primary School, Kilvington Grammar School and St Patrick's School.
+ Conveniently located 3 kilometres from Chadstone Shopping Centre, one of Australia's largest shopping centres, underpinned by Aldi, Coles, Woolworths and 420+ specialty stores.
+ As new construction with significant depreciation benefits.
+ 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: $464,130pa + GST.
For Sale via Expressions of Interest
Closing 3:00pm (AEST) Thursday 27 June 2024
^^^ Australian Government Department of Education
