82-86 West Street Hadfield VIC 3046

+ 15 year net lease to Advance Childcare to 2037
+ Two further 10 year options to 2057
+ Advance Childcare: experienced boutique operator with multiple Melbourne metro locations
+ Attractive 3.5% annual rent increases, plus 'ratchet' provisions at market review, guaranteeing rental growth
+ Current occupancy of 100% with extensive wait-list
+ Tenant pays all outgoings including land tax
+ Premium 845sqm multi-level child care facility, with service approval for 126 LDC places
+ Large 1,839 sqm main road site, 350 metres from Woolworths, and only 11 kilometres from the Melbourne CBD
+ Situated within a significant schooling precinct, 10 schools within a 2 kilometre radius, including Westbreen and St Thomas Moore Primary Schools, both located within 650 metres
+ New construction with 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: $506,142 pa + GST

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.

+ 15Advance Childcare 2037
+ 102057
+ Advance Childcare:
+ 3.5%"Rachet"
+ 100%
+
+845126
+ 1,839Woolworths35011
+ 210WestbreeSt Thomas Moore650
+
+ 2021-22$103$17
+ $506,142+ +

2021121511

Zomart He 0488 220 830