4-6 & 8-12 The Avenue Narre Warren South VIC 3805

Fitzroys is delighted to offer for sale these superb childcare and aquatic centre investments located at 4-6 & 8-12 The Avenue, Narre Warren South. Both properties are leased to a secure national not-for-profit organisation, YMCA.

The key attributes of the offering include:

- A rare opportunity to secure investments leased for 15 years to a NFP organisation
- Available as a ‘whole’ or 'individually'
- Combined Income of $422,275 p.a. approx
- Substantial CZ1 land holding of 4,798m2 (combined)
- Strategically located within the Casey growth corridor of Narre Warren South

A summary of the two investments as follows:

Aquatic Centre:
Leased to YMCA Aquatic Education Ltd
Lease profile 15 + 10 + 10 years from October 2011
Returning $276,721 p.a. approx. as at 1st October 2017
Site Area of 2,583m2
53 allocated on-site car spaces

Childcare Centre:
Leased to YMCA Aquatic Education Ltd
Lease profile 15 + 10 + 10 years from October 2011
Returning $145,554 p.a. approx. as at 1st October 2017
Site Area of 1,561m2
16 allocated on-site car spaces

For Sale by Expressions of Interest closing Wednesday 12th July at 3pm