Burgess Rawson are pleased to offer to the market, 682-686 Nepean Highway, Mount Martha VIC for sale via Investment Portfolio Auction 168.
This opportunity has the following key investment highlights:
+ Ten (10) year net lease to February 2029
+ One (1) further ten (10) year option to February 2039
+ G8 Education Ltd (ASX:GEM): Australia's largest ASX-listed childcare provider, educating more than 46,000 children daily across 430+ locations
+ Attractive fixed 3.5% annual rent increases, ensuring future income growth
+ Highly desirable net lease terms with the tenant paying all outgoings including land tax
+ Impressive childcare centre licensed for 124 LDC places and with 27 designated on-site car spaces
+ Strategically located landholding only 500m* from Osborne Primary School (640+ enrolments) and a further six schools within a 3.5km* radius, which combine to service 4,388* students*
+ Substantial 4,077sqm* site with direct frontage to the Nepean Highway, a major highway interconnecting Melbourne CBD with Portsea and over 30,000 passing vehicles daily*
+ Centrally located in Mount Martha - a premium residential suburb in the Mornington Peninsula with a median house price of $1,570,000^
+ Situated within proximity of integral infrastructure and key retail amenities including Mornington Central, Mornington Village Shopping Centre and Benton Square Shopping Centre, anchored by Coles, Woolworths, ALDI, Dan Murphy's plus numerous specialty retailers
+ Mornington Peninsula Shire: a strong and vibrant economy generating a $9.54 billion Gross Regional Product and a population forecast to increase 3.3% annually^
+ Child care/Early Education is an essential service and one of Australia's most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.^^^
+ Net Income: $403,813 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino Melbourne
Bidder registration required, register at portfolioauctions.com.au
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx
^ realestate.com
^^ Mornington Peninsula Shire
^^^ Australian Government Department of Education
