Impressive Childcare Investment | 20 Year Net Lease to National Tenant

61-63 Chandler Road, Noble Park VIC

Property Highlights

20 Year Net lease + options to 2056
Fixed 3% annual rent increases
Story House: 37 centres nationally
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Description

+ Secure 20 year Net Lease to Story House Early Learning to 2041
+ Three further five year options to 2056
+ Story House Early Learning: experienced early education provider with a network of 37 centres nationally
+ Tenant pays all usual outgoings including land tax (single holding basis)
+ Desirable 3% annual rent increases with market reviews at the commencement of each further term
+ Impressive double storey child care facility, licensed for 92 LDC places
+ Near new construction with significant depreciation benefits
+ Strategic main road position, 600 metres from the Princes Highway/Eastlink Junction and 25km from the Melbourne CBD
+ Situated within significant education precinct (18 schools within a 3km radius)
+ 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 in the 2019/20 financial year
+ Net Income: $322,089 pa + GST and Outgoings

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)
Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,208 SQM
Building Area
642 SQM

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