Trophy Childcare Investment | Three Storey State-of-the-art Centre
+ Brand new 15 year net lease to Kids Club to 2036. + Two further 10 year options to 2056. + Kids Club: high quality and award-winning operator with a network of 24 early learning centres across the eastern seaboard. + Attractive 3% annual rent increases. + Tenant pays all (excluding land tax) outgoings,. + New three level construction with significant depreciation benefits. + Architecturally designed child care centre with service approval for 128 LDC places. + Prominent 1,933 sqm main road site with 31,000 + vehicles passing daily. + Located 200 metres from the Eastern Freeway interchange, within easy of access to both Bulleen and Manningham Road, and only 10km north east from the CBD. + City of Manningham: home to 133,135 people, supporting 35,467 jobs with retail and healthcare the main industries and has an annual economic output of $8.415 billion + 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: $590,500 pa + GST
For Sale by Investment Portfolio Auction 11.15am (AEDT) Thursday 11 November 2021
*Mitchell Institute, Australian Investment in Education: Early Learning.
