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38A Coonans Road
Pascoe Vale South VIC 3044
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Sold on 11 Nov 2021

38A Coonans Road Pascoe Vale South VIC 3044

  • Medical / Consulting
  • 953 m²
  • Sold

The Ultimate Childcare Investment Leased to Australia's Premier Provider

+ 15 year net lease to Only About Children to 2035
+ Two further 10 year options to 2055
+ Only About Children (OAC): high quality and award winning operator with 76 centres nationally
+ Attractive 3.5% annual rent increases, plus 'ratchet' provisions at market review, guaranteeing rental growth
+ Strong-trading business at 100% occupancy when acquired by OAC in 2020
+ Tenant pays all outgoings including land tax
+ Impressive child care facility, with approval for 136 LDC places
+ Situated within a significant education precinct, 13 schools within a 2 kilometre radius of the site, combining to service 9,545 full time students
+ High profile 2,731sqm landholding metres from the Citylink and only 8km from the Melbourne CBD
+ As 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: $546,324 pa + GST (March 2022)

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

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

+ 15Only About Children2035
+ 102055
+ Only About Children (OAC): 76
+ 3.5%"Rachet"
+ 2019100%
+
+ 136
+ 2139545
+ 27318
+
+ 2021-22$103$17
+ $546,324 + + 20223

Zomart He 0488 220 830

AUCTION

Auction date and time11/11/2021 11:15
Auction location38a Coonans Road, Pascoe Vale South VIC
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold11 Nov 2021
Floor Area953 m²
Land Area2,731 m²
ParkingAsk Agent
Property ID2017305118
Category
Last updated  15 Nov 2021
Map for 38A Coonans Road Pascoe Vale South VIC 3044

Nearest transport* to 38A Coonans Road Pascoe Vale South VIC 3044

Bus
Train
Tram
Winona Gr/Moreland Rd (Pascoe Vale South)316 m
Hopetoun Ave/Moreland Rd (Brunswick West)346 m
Wadham St/Moreland Rd (Pascoe Vale South)388 m
Wadham St/Moreland Rd (Brunswick West)400 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold11 Nov 2021
Floor Area953 m²
Land Area2,731 m²
ParkingAsk Agent
Property ID2017305118
Category
Last updated  15 Nov 2021

Co-Agents

Natalie Couper
Natalie Couper
Burgess Rawson VIC Pty Ltd
Call
0413 856 983
Adam Thomas
Adam Thomas
Burgess Rawson VIC Pty Ltd
Call
0418 998 971
Frank Vinci
Frank Vinci
Vinci Carbone Property
Call
0418375375
Joseph Carbone
Joseph Carbone
Vinci Carbone Property
Call
0418351316

More about 38A Coonans Road Pascoe Vale South VIC 3044

38a Coonans Road Pascoe Vale South VIC 3044 is categorized as Medical & Consulting Property. It has a floor area of 953 m² and a land area of 2,731 m². The listing ID for this property is 2017305118.

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