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Strong-Trading Childcare Investment | New 15+10+10 Year Net Lease to 2056

57-59 Stud Road, Dandenong VIC

Property Highlights

15 Year Net lease + options to 2056
Fixed 3% annual rent increases
1,474 sqm main road site
Register to Bid

Description

+ New 15 year net lease to CREST Children’s Sanctuary to 2036
+ Two further 10 year options to 2056
+ CREST Children’s Sanctuary: private operator with 8 years industry experience across multiple locations and family within industry for 20+ years
+ Tenant pays all outgoings including land tax
+ Desirable fixed 3% annual rent increases
+ Impressive 762 sqm double storey educational facility, licensed for 111 LDC places
+ Prime 1,474 sqm main road site, with 32,000+ vehicles passing daily
+ Strategically positioned metres from Dandenong Hospital, Dandenong Market and 28km 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 in the 2019/20 financial year
+ Net Income: $388,500 pa + GST and outgoings

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,474 SQM
Building Area
762 SQM

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