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Entry Level Childcare Investment | Triple Net Lease to ASX Listed Tenant

382 Main Street, Bairnsdale VIC

Property Highlights

Triple Net Lease + Options to 2043
ASX listed with 127 centres
100% occupancy with wait list for 2022
Register to Bid

Description

+ 17 year Triple Net Lease to Evolve Education to 2033
+ Two further five year options to 2043
+ Evolve Education (EVO): leading early learning provider with 127 centres throughout Australia and New Zealand
+ Triple Net Lease: tenant pays all usual outgoings including maintenance (both capital and structural), insurances, rates, management fees and land tax (single holding basis)
+ Annual CPI reviews with ratchet provisions at market reviews, ensuring rental growth
+ Well-maintained child care centre licensed for 45 LDC places
+ Long established and strong trading centre with consistent occupancy of 100% and a wait list for 2022
+ High exposure 1,024 sqm site with 20,000+ vehicles passing daily
+ Strategically positioned within metres of Bairnsdale Primary School, Bairnsdale Town Centre and East Gippsland Regional Hospital
+ Located within Regional Victoria
+ East Gippsland Shire: home to 47,771 people, supporting 16,539 jobs and an annual economic output of $4.948 billion
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019/20 financial year
+ Net Income: $95,640 pa + GST

For Sale by Investment Portfolio Auction
11AM (AEDT) 24 February 2021

Also available for sale within the portfolio:
54-56 Ray Street, Castlemaine VIC
https://bit.ly/2MpFyuk

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,024 SQM
Building Area
1 SQM

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