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73-75 Tareeda Way
Ocean Grove VIC 3226
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Sold on 25 Jun 2021

73-75 Tareeda Way Ocean Grove VIC 3226

  • Medical / Consulting
  • 576 m²
  • Sold

Affordable Childcare Investment | Secure Net Lease to ASX-Listed Tenant

+ Secure 10 year net lease to G8 Education to 2024
+ Three 10 year options to 2054
+ G8 Education (GEM): Australia's largest ASX-listed early education provider, educating more than 58,000 children every day across their 470+ centres
+ Tenant pays all usual outgoings
+ Current rental ($1,523 per place) well below market, with market review due in 2024
+ Well maintained child care centre, licensed for 95 LDC places
+ Prominent 2,032 sqm site within established and rapidly expanding Bellarine Peninsula precinct
+ Located 535 metres from Woolworths anchored Ocean Grove shopping centre and only 900 metres from Ocean Grove's major sporting and educational precinct including three schools.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with the Federal and state Governments providing record funding of $10.5 billion to the sector in the 2019/20 financial year
+ Net Income: $144,730 pa + GST

For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

AUCTION

Auction date and time23/06/2021 10:30
Auction location73-75 Tareeda Way, Ocean Grove VIC
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold25 Jun 2021
Floor Area576 m²
Land Area2,032 m²
ParkingAsk Agent
Property ID2017027669
Category
Last updated  25 Jun 2021
Map for 73-75 Tareeda Way Ocean Grove VIC 3226

Nearest transport* to 73-75 Tareeda Way Ocean Grove VIC 3226

Bus
Ocean Grove Market Place/Kingston Downs Dr (Ocean Grove)610 m
Kingston Downs Dr/Shell Rd (Ocean Grove)746 m
Kingston Downs Dr/Shell Rd (Ocean Grove)751 m
Bonnyvale Rd/Shell Rd (Ocean Grove)833 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold25 Jun 2021
Floor Area576 m²
Land Area2,032 m²
ParkingAsk Agent
Property ID2017027669
Category
Last updated  25 Jun 2021

Co-Agents

Adam Thomas
Adam Thomas
Burgess Rawson VIC Pty Ltd
Call
0418 998 971
Natalie Couper
Natalie Couper
Burgess Rawson VIC Pty Ltd
Call
0413 856 983
Zomart He
Zomart He
Burgess Rawson VIC Pty Ltd
Call
0488 220 830

More about 73-75 Tareeda Way Ocean Grove VIC 3226

73-75 Tareeda Way Ocean Grove VIC 3226 is categorized as Medical & Consulting Property. It has a floor area of 576 m² and a land area of 2,032 m². The listing ID for this property is 2017027669.