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Sold on 23 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
    Adam Thomas
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates

    Property Highlights

    Property ID2017027669
    Date Sold23 Jun 2021
    Floor Area576 m²
    Land Area2,032 m²
    ParkingAsk Agent
    Category
    Last updated  25 Jun 2021
    Map for 73-75 Tareeda Way Ocean Grove VIC 3226
    Map for 73-75 Tareeda Way Ocean Grove VIC 322673-75 Tareeda Way Ocean Grove VIC 3226
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Adam Thomas
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates

    Property Highlights

    Property ID2017027669
    Date Sold23 Jun 2021
    Floor Area576 m²
    Land Area2,032 m²
    ParkingAsk Agent
    Category
    Last updated  25 Jun 2021
    Burgess Rawson & Associates
    Level 7, 140 Bourke Street Melbourne VIC 3000
    Adam Thomas
    Burgess Rawson & Associates
    Adam Thomas
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Natalie Couper
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates

    Ask Adam Thomas about this property

    Adam Thomas

    Adam Thomas

    Burgess Rawson & Associates

    Natalie Couper

    Natalie Couper

    Burgess Rawson & Associates

    Zomart He

    Zomart He

    Burgess Rawson & Associates

    0418 *** ***
    0418 998 971

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