+ Brand new 15 year net lease to Kids Club to 2036.
+ Two further 10 year options to 2056.
+ Kids Club: high quality and award-winning operator with a network of 24 early learning centres across the eastern seaboard.
+ Attractive 3% annual rent increases.
+ Tenant pays all (excluding land tax) outgoings,.
+ New three level construction with significant depreciation benefits.
+ Architecturally designed child care centre with service approval for 128 LDC places.
+ Prominent 1,933 sqm main road site with 31,000 + vehicles passing daily.
+ Located 200 metres from the Eastern Freeway interchange, within easy of access to both Bulleen and Manningham Road, and only 10km north east from the CBD.
+ City of Manningham: home to 133,135 people, supporting 35,467 jobs with retail and healthcare the main industries and has an annual economic output of $8.415 billion
+ 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: $590,500 pa + GST
For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021
*Mitchell Institute, Australian Investment in Education: Early Learning.
+ 15Kids Club2036
+ 102056
+ Kids Club24
+ 3%
+
+
+ 128
+ 193331,000
+ Eastern Freeway20010
+ Manningham 133,13535467$84.15
+ 2021-22$103$17
+ $590,500 + +
