Burgess Rawson in conjunction with Cameron is pleased to offer to the market, 93-95 Murrindal Drive, Rowville (Melbourne), VIC for sale via our Investment Portfolio Auction 163.
This opportunity has the following key investment highlights:
+Renewed 5-year net lease to Goodstart Early Learning to 2027.
+Two further 5-year options to 2037.
+Goodstart Early Learning: Australia's largest early education provider with 664 centres nationally.
+Desirable 4% annual rent increases.
+Tenant pays all usual outgoings.
+Long established centre in operation since 1997.
+Well-maintained, purpose-built centre licensed for 54 LDC places.
+Strategically situated only 260 meters from Lysterfield Primary School, and within close proximity to an additional three schools.
+1,465sqm* corner site, conveniently positioned metres from Kelletts/Napolean Road Juncture, supporting 30,000+ vehicles per day, offering direct access Wellington Road, a major arterial linking to the Monash Freeway.**
+Within 3km* of Wellington Village Shopping Centre, Stud Park Shopping Centre and HomeCo Knoxfield.
+Rowville: established family-oriented suburb with excellent access to key retail, commercial and transport amenities, and located only 27 km* from the Melbourne CBD.
+Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care.***
+Net Income: $111,631 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 13 September 2023
Crown Casino, Melbourne
*approx.
**Gap Maps
***Australian Government - Department of Education | Child Care Subsidy Reform
