Impressive Childcare Freehold Investment with High Occupancy Leased to Multicentre Operator - For Sale
*Modern high performing childcare centre approved for 110 places with high occupancy
*Rent: $258,500 + GST per annum.
*Secure new 10-year lease commencing 1 July 2022 with options to 2052.
*3% fixed annual increases
*Tenant pays all usual outgoings
*Substantial land size of 2,913m2
*State-of-the-art facility with sustainable design and features with high-end amenities
*Strategic position in the heart of the town centre surrounded by schools and backing onto the main retail strip with tenants such as Woolworths, IGA and Kmart.
*Highly experienced strong performing operator with two high performing centres dominating the region and a third 122 place centre opening in 2023 in Yarrawonga.
*Strong housing growth with multiple housing estates currently under construction in the area.
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ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.
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