Burgess Rawson is pleased to offer to the market 604 Waverley Road, Glen Waverley VIC for sale via our Investment Portfolio Auction 161.
This opportunity has the following key investment highlights:
+ Renewed 10-year net lease to Mayfield Childcare to 2032.
+ One further 10-year options to 2042.
+ Mayfield Childcare (ASX: MFD): ASX-listed early education provider educating 3,300+ children per day across 38 centres nationally.^^
+ Attractive 3.5% annual rent increases.
+ Tenant pays all outgoings including land tax.
+ Long established 58 LDC place centre in operation since 2006.
+ High profile 1,394sqm corner site with exposure to more than 20,000 vehicles passing daily.!
+ Strategically positioned within highly sought-after school catchment zone (12 schools within a 2km radius) highlighted by Glen Waverley Primary & Secondary College and Wesley College.
+ Located metres from Holmesglen Institute and within close proximity to The Glen Shopping Centre anchored by Coles, Woolworths and ALDI and 240 specialty stores.
+ Glen Waverley: desirable family-oriented suburb, with a medium house price of $1,570,000 and situated only 18 kilometres from the Melbourne CBD.
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care.^
+ Net Income: $180,090 pa* + GST (*as at July 2023)
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 21 June 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
!Gap Maps
2 Realestate.com
^Australian Government - Department of Education | Child Care Subsidy Reform
^^ Mayfield Childcare
Burgess Rawson GLEN WAVERLEY
+ 10 2032 Mayfield
+ 10 2042
+Mayfield Childcare (ASX:MFD) 38 3,000+
+ 3.5%
+
+ 58 2006
+ 1,394 20,000
+ 2 12 Glen WaverleyGlen Waverley Wesley College
+ Holmesglen Institute Glen ColesWoolworthsALDI 240
+Glen Waverley 18 $1,570,000
+ 2022-2023 $107 $47 Cheaper Child Care 2023 7 120
+$180,009 * + 2023 7
Burgess Rawson
2023 6 21
1030
