Burgess Rawson is pleased to offer to market the Genius Childcare Centre located at 206 Tramway Parade, Beaumaris VIC for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ Thirty (30) year triple net lease to November 2050
+ One (1) further ten (10) year option to November 2060
+ Genius Childcare: highly experienced early education provider with a network of 35 centres nationally
+ Favourable annual increases to the greater of CPI or 2.5% with ratchet provisions at market review, ensuring future income growth
+ Highly desirable triple net lease structure with the tenant paying 100% of all outgoings including structural repairs and land tax
+ Completely refurbished 45 LDC place childcare situated within a family-oriented suburb, with 51% of the locale comprising of couples with children
+ Well-positioned 772sqm* site strategically located in a prime schooling catchment - 5 schools within a 750m* radius of the site and an additional 12 schools within a 3km radius, which combine to service 9,300+ students
+ Conveniently located within a 3km radius of numerous retail & commercial amenities including 5 standalone Coles & Woolworths supermarkets, Westfield Southland & Thrift Park Shopping Centre, underpinned by Kmart, Target, Woolworths, Coles, ALDI & 326 specialty retailers
+ Beaumaris: desirable and affluent bayside suburb situated 20km* from Melbourne CBD and within close proximity to Beaumaris Beach, Black Rock Beach, and Mentone Beach
+ 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 (1.2 million) with a child in care^
+ Net Income: $212,698 pa* + GST
For Sale by Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
^Australian Government - Department of Education | Child Care Subsidy Reform
