Burgess Rawson is pleased to offer to the market, 6-8 Govan Street, Seaford for sale via our Auction Investment Portfolio 155
This investment has the following key investment highlights:
+ 10 year net lease to Sanctuary of Early Learning to 2031.
+ Two further 10 year options to 2051.
+ Sanctuary of Early Learning: leading early education provider with 25+ years industry experience and 5 metro locations
+ Attractive 3% annual rent increases.
+ Strong trading business with high occupancy
+ Tenant pays all usual outgoings.
+ Newly refurbished centre with significant depreciation benefits.
+ Dual facility child care centre licensed for 108 LDC places.
+ Large 2,638sqm site situated amongst an important schooling precinct within Melbourne's south-east growth corridor, with access to 11 Primary and Secondary schools that combine to service over 3,200 full-time students.
+ Conveniently positioned with prominent access to complementary retail and commercial amenities, only 700 metres from Woolworths and within close proximity from Bayside Central Shopping Centre, underpinned by ALDI, Coles, Woolworths and over 250 specialty retailers.
+ Strategically located 475 metres from Frankston Freeway and 1.45km from Dandenong Valley Highway, providing ease of access to the Melbourne CBD via either the Peninsular Link or Eastlink.
+ 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: $307,997 pa + GST.
Please contact the exclusively appointed Burgess Rawson team for more information.
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 14 September 2022
Crown Casino - River Room
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
