Burgess Rawson is pleased to offer to the market, 271 Thompsons Road, Templestowe Lower for sale via our Auction Investment Portfolio 155.
This investment has the following key investment highlights:
+ New 12 year net lease to Journey Early Learning to 2034.
+ Three further 10 year options to 2064.
+ Journey Early Learning: leading early education provider, with a network of 37 centres across the eastern seaboard.
+ Attractive 3.25% annual rent increases.
+ Strong trading business with 100% occupancy & long wait-list.
+ Tenant pays all usual outgoings.
+ Extensively refurbished childcare centre with significant depreciation and licensed for 45 LDC places.
+ Prominent corner road site with frontages to Sunhill Road and Thompsons Road, situated within a significant schooling precinct with six primary and secondary schools within a 1.5-kilometre radius.
+ Conveniently located metres from the ALDI and Woolworths-anchored Macedon Square, and within close proximity from Westfield Doncaster, underpinned by major retailers ALDI, Coles, Woolworths and over 350 specialty retailers.
+ 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: $172,825 pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 14 September 2022
Crown Casino - River Room
Please contact the exclusively appointed Burgess Rawson team for more information.
Burgess Rawson:
Natalie Couper: 0413 856 983
Adam Thomas: 0418 998 971
Sam Mercuri: 0413 830 709
Conjunctional Agent:
David Knuppel
0412 393 829
childcarebrokers@bigpond.com.au
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
