FOR SALE
FOOTSCRAY, VIC, 3011
22
118 Childcare Placements with a $600,000 per annum Rental Agreement
FOR SALE
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FOR SALE
FOOTSCRAY, VIC, 3011
118 Childcare Placements with a $600,000 per annum Rental Agreement
22
Contact Agent

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118 Childcare Placements with a $600,000 per annum Rental Agreement

TAP Co Specialized Assets Division is very pleased to be able to offer you this prominent property with in a significant and strategically located position.

This is a completely de-risked commercial opportunity with a notable pre-commitment Lease Agreement by a boutique operator in place for $600,000* + GST per annum + compounded CPI increases.

Highlights at a glance

+ Construction completion estimated for mid to late 2025

+ Secure 15 year net lease

+ Two further 10 year options to 2060

+ Boutique Operator with currently operational centres with an excellent track record

+ Attractive 3% annual rent increases

+ Strong trading business with consistent occupancy of 95%*

+ Tenant pays all outgoings including land tax

+ A purpose-built child care facility, to be licensed for 118* LDC places

+ Substantial 1,635 sqm (approx) landholding with 22 on-site car spaces

+ Footscray: Ranked 6th most Liveable Suburb in Melbourne with a resident population forecast to grow to over 41,000 by 2051*

+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*

Call Robert Fidanza on 0432 820 277 for further details.

Location

FOOTSCRAY, VIC, 3011

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