271 Thompsons Road Templestowe Lower VIC 3107

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).