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High Performing Childcare Investment

451 Leakes Road, Truganina VIC

Property Highlights

15 + 10 + 10 year net lease to 2054
Fixed 3% annual rent increases
Strategic high profile corner location
Register to Bid

Description

+ 15 year net lease to Woodlands Early Learning to 2034
+ Two further 10 year options to 2054
+ Woodlands Early Learning: highly regarded operator with 40+ years industry experience and two further Melbourne metro locations
+ Fixed 3% annual rent increases with market review at the commencement of each further term
+ Tenant pays all usual outgoings
+ Established 805 sqm purpose-built childcare centre, licensed for 134 places
+ Strategic position within retail / commercial precinct & only 500m from both St Clare’s Primary School & Doherty’s Creek P-9 College
+ Wyndham City: one of Australia’s largest growth areas – forecast population increase of 70% to 512,591 residents by 2041
+ Significant depreciation benefits
+ 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: $398,775 pa + GST

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,969 SQM
Building Area
805 SQM

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