24 Lakeview Drive Lilydale VIC 3140

+ Secure 10 year net lease to Lakeview Childcare to 2025.
+ One further 10 year option to 2035.
+ Lakeview Childcare: established & successful local business of 30+ years.
+ Strong-trading business with high occupancy and rated "Exceeding" under the National Quality Framework (NQF).
+ Tenant pays all usual outgoings.
+ Purpose built and well maintained child care facility, with service approval for 38 LDC places.
+ Strategically positioned 885 sqm site within an established and evolving residential precinct.
+ Located 1.9km from both the Coles-anchored Lilydale Village Shopping Centre and Lilydale's commercial precinct including Bunnings, Big W, Woolworths and ALDI.
+ Lilydale: popular Yarra Valley suburb, located 34 kilometres from the Melbourne CBD.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $71,380 pa + GST.

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

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