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
