57-59 Stud Road Dandenong VIC 3175

+ New 15 year net lease to CREST Childrens Sanctuary to 2036
+ Two further 10 year options to 2056
+ CREST Childrens Sanctuary: private operator with 8 years industry experience across multiple locations and family within industry for 20+ years
+ Tenant pays all outgoings including land tax
+ Desirable fixed 3% annual rent increases
+ Impressive 762 sqm double storey educational facility, licensed for 111 LDC places
+ Prime 1,474 sqm main road site, with 32,000+ vehicles passing daily
+ Strategically positioned metres from Dandenong Hospital, Dandenong Market and 28km from the Melbourne CBD
+ Childcare/Early Education is an essential service and one of Australias most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector in the 2019/20 financial year
+ Net Income: $388,500 pa + GST and outgoings

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021