Brand New Childcare Investment | 15 Year Net Lease to 2036

85 Belleview Drive, Sunbury VIC

Property Highlights

New 15 year net lease + opts to 2056
Fixed 3% annual rent increases
Excellent tax saving depreciation
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Description

+ New 15 year net lease to Gumboots Early Learning to 2036
+ Two further 10 year options to 2056
+ Gumboots EL: experienced early education provider with three Melbourne locations
+ Attractive 3% annual rent increases
+ Tenant pays all usual outgoings
+ New 810 sqm child care facility, with service approval for 112 LDC places
+ Strategic position within the award winning Jackson Hill Estate and 300m from Sunbury Primary School
+ Sunbury: satellite City 34km from Melbourne, and servicing a 65,000+ trade catchment population
+ 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 to the sector in the 2019/20 financial year
+ Net Income: $301,665 pa + GST

For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne VIC
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,766 SQM
Building Area
810 SQM

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