484-486 Victoria Street Brunswick West VIC 3055

+ 15 year net lease to Only About Children to 2035
+ Two further 10 year options to 2055
+ Only About Children (OAC): high quality and award-winning operator with a network of 76 centres nationally
+ Attractive 3.5% annual rent increases, plus 'ratchet' provisions at market review, guaranteeing rental growth
+ Strong-trading business at 100% occupancy when acquired by OAC in 2020
+ Tenant pays all outgoings including land tax
+ Impressive child care facility, with service approval for 134 LDC places
+ Substantial 1,836sqm landholding with triple street frontage
+ Located metres from Sydney Road, the longest retail shopping strip in the southern hemisphere and only 5km from the Melbourne CBD
+ Significant depreciation benefits
+ 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 the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $538,290 pa + GST (March 2022)

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

*Mitchell Institute, Australian Investment in Education: Early Learning.