Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne
New 15 year lease to Elements Childcare + options to 2052
Premium architecturally designed 137 place centre, high quality construction & built new 2017
Elements Childcare: experienced high-end local provider with further centres in Belmont and Torquay and achieving near 100% occupancy at this facility
Strategic and central location in one of Geelong’s most sought-after residential suburbs and only minutes from CBD and Princes Freeway
High profile 2,481 sqm corner site with combined street frontage of over 100m
Massive exposure with 24,000 vehicles passing daily (source: Vic Roads)
Tenant pays all usual outgoings, excluding land tax
Extremely rare and large landholding, difficult to replicate due to modest average block size and tightly held ownership within immediate vicinity
Greater Geelong: current resident population of 247,068 with forecast 32% growth to over 325,000 by 2036 (and 500,000 by 2050)
Net Income: $345,530 pa + GST and Outgoings
