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Trophy Bayside Childcare Investment

4 Watson Road, Mount Martha VIC

Property Highlights

10 + 10 + 10 year net lease to 2050
Desirable 3.5% annual rent increases
1,040sqm site with two street frontages
Register to Bid

Description

+ Little Acorns: long established early education childcare provider with three Mornington Peninsula locations
+ Fixed 3.5% annual rent increases
+ Tenant pays all usual outgoings
+ Prime 1,040 sqm corner site accommodating a brand new multiple storey 706 sqm purpose built child care facility licensed for 80 LDC places
+ Prominent corner position directly opposite Mount Martha’s retail precinct and metres from esplanade and foreshore
+ Constructed by industry leading builder – LLOYD
+ Mount Martha: popular bayside suburb only 48 km from the Melbourne CBD
+ 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
+ Significant depreciation benefits
+ Net Income: $306,305 pa + GST and outgoings

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,040 SQM
Building Area
706 SQM

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