Burgess Rawson is pleased to offer to the market, 28 Thomas Street, Moonee Ponds VIC for sale via our Auction Investment Portfolio 157.
This investment has the following key investment highlights:
+Secure 20 year net lease to Busy Bees to 2039.
+Two further 10 year options to 2059.
+Busy Bees: UK-based, global early childhood education operator with more than 850 centres worldwide, including 222 in Australia and New Zealand
+Favourable annual CPI reviews.
+Strong trading business with 100% occupancy & long wait-list.
+Tenant pays all usual outgoings including management fees.
+Impressive 91 LDC place childcare centre offering significant depreciation benefits.
+Rated 'Exceeding' under the National Quality Standards (NQS)
+Prime 1,928sqm* corner site with favourable 'Activity Centre' zoning, fronting both Thomas Street and McPherson Street and adjoining the $2 billion residential redevelopment of Moonee Valley Racing Club.
+Conveniently located metres from the Moonee Ponds Precinct, offering prominent access to a vast range of retail and commercial amenities, including the Coles and ALDI-anchored Moonee Ponds Central Shopping Centre.
+Moonee Ponds: desirable inner-city northern suburb only 5km from Melbourne CBD and with a median house price of $1.6 million.
+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: $325,576 pa + GST.
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 7 December 2022
Crown Casino - River Room
