Childcare Centre, 31-33 Station Lake Road,
Lara, VIC 3212
Medical & Consulting • Offices • Shops & Retail
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Map of Childcare Centre, 31-33 Station Lake Road
Brand New Childcare Investment leased to National Provider
- New 20 + 5 + 5 + 5 yr lease to 2052
- Successful national provider
- Fixed 3% annual rent increases
New 20 year lease to Sparrow Early Learning to 2037
Sparrow Early Learning: experienced and highly successful early education provider with 30 centres nationally
Three further 5 year options through to 2052
Desirable 3% annual rental increases and to market at option
Tenant pays all outgoings including land tax and management fees
Brand new 847 sqm purpose-built child care facility, licensed for 130 LDC places
Substantial 3,792 sqm main road site 750 metres from Coles, McDonald’s and 1.2km from Lara Railway Station
Lara: strategic ‘high-growth’ location 12km north from the Geelong CBD and 52km south west from the Melbourne CBD
Net Income: $292,500 pa + GST and Outgoings
Sparrow Early Learning: experienced and highly successful early education provider with 30 centres nationally
Three further 5 year options through to 2052
Desirable 3% annual rental increases and to market at option
Tenant pays all outgoings including land tax and management fees
Brand new 847 sqm purpose-built child care facility, licensed for 130 LDC places
Substantial 3,792 sqm main road site 750 metres from Coles, McDonald’s and 1.2km from Lara Railway Station
Lara: strategic ‘high-growth’ location 12km north from the Geelong CBD and 52km south west from the Melbourne CBD
Net Income: $292,500 pa + GST and Outgoings
Additional information
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Lara, 3212 demographic data
The median household income for Lara is $1,969, 42% higher than Regional Victoria's household income of $1,386. Lara has a younger age profile compared to the rest of Regional Victoria (median age 37 vs 43). Property ownership data shows 59% of property owners in Lara have a mortgage.
19,014
Population
$1,969 per week
Median household income
37 years
Median age
Owners
Most residents
Families
Most households
Childcare Centre, 31-33 Station Lake Road
Lara, VIC 3212
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