Burgess Rawson is pleased to offer to the market 761-763 Gilbert Road (Corner Henty Street), Reservoir VIC, for sale via Expressions of Interest closing 4:00pm (AEST) Thursday 15 August 2024.
This opportunity has the following key investment highlights:
+13-year net lease to G8 Education to 2032, plus a further 10-year option to 2042
+ G8 Education: Australia's largest listed childcare provider with 470 + locations across the country
+ Attractive fixed 4% annual rent increases.
+ Tenant pays all outgoings including LAND TAX
+ Modern 841sqm purpose-built centre with important 21 onsite car spaces
+ Established and successful 120 LDC place centre in operation since 2009, currently with a waitlist.
+ Located within a significant schooling precinct, with 8 schools within a 3km radius.
+ Large 2,475sqm* metro site with 45 metres of combined dual street frontage to both Gilbert Road and Henty Street.
+ Long proven position with dual frontage and direct access 13,000+ vehicles daily.
+ Significant taxation saving depreciation allowance, potentially 52% of rent Year 1.
+ Reservoir: established metro suburb located 13km* north of Melbourne CBD.
+ 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: $452,594 pa* + GST
For Sale via Expressions of Interest
Closing 4pm (AEST) Thursday 15 August 2024
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
Natalie Couper 0413 856 983
Justin Kramersh 0460 349 605
Raoul Holderhead 0413 860 304
