28-34 Marengo Street,
Tarneit, VIC 3029
Medical & Consulting • Shops & Retail • Other
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
28-34 Marengo Street
Tarneit, VIC 3029
Map of 28-34 Marengo Street
Impressive Childcare Investment Leased to Listed Tenant
- 15 + 10 + 10 year lease to 2052
- Sparrow: Market Cap HK$2.7B
- 4% annual rent increases
+ Secure 15 year net lease to Sparrow Early Learning to 2032
+ Two further 10 year options to 2052
+ Sparrow Early Learning: part of Fullshare Holdings Ltd, listed on the Hong Kong Stock Exchange (SEHK:607), with offices in China, Hong Kong, Singapore, and Australia, and with a Market Cap of HK$2.7billion
+ Desirable 4% annual rent increases with market review at the commencement of each further term
+ Tenant pays all outgoings including: rates, insurances, maintenance and land tax
+ Modern 950 sqm purpose-built child care facility licensed for 120 LDC places
+ Prominent 2,772 sqm site with triple street frontage of over 148 metres and exposure to busy Derrimut Road
+ Located directly opposite Tarneit Central Shopping Centre, underpinned by Coles, Kmart and ALDI along with 45 specialty retailers
+ Tax depreciation benefits
+ Wyndham City: one of Australia’s largest growth areas with forecast growth of 82% to 512,591 residents by 2041 (Source: forecast.id)
+ Net Income: $316,087pa + GST and Outgoings
For Sale by Auction
11am AEDT Wednesday 1 April
Crown Casino, Melbourne VIC
+ Two further 10 year options to 2052
+ Sparrow Early Learning: part of Fullshare Holdings Ltd, listed on the Hong Kong Stock Exchange (SEHK:607), with offices in China, Hong Kong, Singapore, and Australia, and with a Market Cap of HK$2.7billion
+ Desirable 4% annual rent increases with market review at the commencement of each further term
+ Tenant pays all outgoings including: rates, insurances, maintenance and land tax
+ Modern 950 sqm purpose-built child care facility licensed for 120 LDC places
+ Prominent 2,772 sqm site with triple street frontage of over 148 metres and exposure to busy Derrimut Road
+ Located directly opposite Tarneit Central Shopping Centre, underpinned by Coles, Kmart and ALDI along with 45 specialty retailers
+ Tax depreciation benefits
+ Wyndham City: one of Australia’s largest growth areas with forecast growth of 82% to 512,591 residents by 2041 (Source: forecast.id)
+ Net Income: $316,087pa + GST and Outgoings
For Sale by Auction
11am AEDT Wednesday 1 April
Crown Casino, Melbourne VIC
Property ID: 503489134Last Updated: 17 Sep 2020
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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