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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
    Natalie Couper
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Frank Vinci
    Vinci Carbone Property
    Frank Vinci
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property

    Property Highlights

    Property ID2017305118
    Date Sold11 Nov 2021
    Floor Area953 m²
    Land Area2,731 m²
    ParkingAsk Agent
    Category
    Last updated  6 Oct 2021
    Map for 38A Coonans Road Pascoe Vale South VIC 3044
    Map for 38A Coonans Road Pascoe Vale South VIC 304438A Coonans Road Pascoe Vale South VIC 3044
    Natalie Couper
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Frank Vinci
    Vinci Carbone Property
    Frank Vinci
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property

    Property Highlights

    Property ID2017305118
    Date Sold11 Nov 2021
    Floor Area953 m²
    Land Area2,731 m²
    ParkingAsk Agent
    Category
    Last updated  6 Oct 2021
    Burgess Rawson & Associates
    Level 7, 140 Bourke Street Melbourne VIC 3000
    Natalie Couper
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Frank Vinci
    Vinci Carbone Property
    Frank Vinci
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property
    Natalie Couper

    Natalie Couper

    Burgess Rawson & Associates

    Adam Thomas

    Adam Thomas

    Burgess Rawson & Associates

    Frank Vinci

    Frank Vinci

    Vinci Carbone Property

    Joseph Carbone

    Joseph Carbone

    Vinci Carbone Property

    0413 *** ***
    0413 856 983

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