Burgess Rawson is pleased to offer to the market, 23-25 O'Neills Road, Melton VIC for sale via our Investment Portfolio Auction 160.
This opportunity has the following key investment highlights:
+ Brand new 20 year net lease to Story House to 2043.
+ Three further 5 year options to 2058.
+ Story House: leading early childhood education provider, with a network of 50 centres across the eastern seaboard.
+ Annual fixed 3% rent increases.
+ Tenant pays all outgoings including land tax.
+ State-of-the-art childcare centre licenced for 88 LDC places.
+ Brand new construction offering significant depreciation benefits.
+ Large 1,749sqm corner site with frontages to Oldershaw Rd and O'Neills Rd, located 150 metres from ALDI, 890 metres from the Woolworths-anchored Coburns Central, and 1 kilometre from Woodgrove Shopping Centre, a 54,000sqm shopping centre underpinned by Kmart, Big W, Woolworths, ALDI, Coles & 180 specialty retailers.
+ Convenient central location amongst a significant schooling precinct in the heart of one of Melbourne's fastest growing municipalities - 17 schools within a 3 kilometre radius that combine to service over 12,740 full-time students.
+ City of Melton: high growth location home to 209,145 people, with this figure anticipated to increase to 416,106 by 2051, an increase of 98.96%.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^.
+ Net Income: $304,832 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne
*Approx.
^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
