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Burgess Rawson - Melbourne

1 Wade Street (Madden Boulevard) Tarneit, VIC 3029

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1 Wade Street (Madden Boulevard),
Tarneit, VIC 3029

Medical & Consulting • Shop & Retail • Other

Price information

Sale - Auction Tue 14 Dec

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Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$375,150
Number of Tenants
1 Tenant
Tenants / Type
Childcare

Auction

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Burgess Rawson - Melbourne
Adam Thomas
Shaun Venables
Natalie Couper

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
1 Wade Street (Madden Boulevard)
Tarneit, VIC 3029

Map of 1 Wade Street (Madden Boulevard)

Directions
  • Train stations within 5 km of 1 Wade Street (Madden Boulevard), Tarneit, VIC 3029Distance
    Tarneit Station2.1 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 1 Wade Street (Madden Boulevard), Tarneit, VIC 3029Distance
    Tarneit Sec Col/Crossway Ave (Tarneit)1.5 km
    Wilandra Dr/Leakes Rd (Tarneit)1.6 km
    Toucan Rd/Hummingbird BVD (Tarneit)1.7 km
    Cadell Ave/Tarneit Rd (Tarneit)1.7 km
    Tarneit P-9 College/Crossway Ave (Tarneit)1.7 km
    POWERED BY HERE ©
POWERED BY HERE ©

Brand New Childcare Investment | Major Growth Location - 15 Year Net Lease

  • 15 year net lease + options to 2051
  • Fixed 3% annual rent increases
  • Strategic 2,851 sqm corner site
+ New Fifteen (15) year net lease Aspire Early Education to 2036
+ Three further Five (5) year options to 2051
+ Aspire Early Education: experienced child care provider with a growing network of 11 centres
+ Tenant pays all usual outgoings including management fees
+ Fixed 3% annual rent increases
+ Impressive 811sqm* centre licensed for 122 LDC places
+ Strategic corner position within the rapid evolving Emerald Park Estate, offering 1350 + residential allotments, currently over 80% sold with further allotments released soon
+ Located within one of Australia’s fastest growing suburbs – forecast population increase of 164% to 131,166 residents by 2041
+ Brand new construction with significant depreciation benefits
+ 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.*
+ Net Income: $371,389 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

*Mitchell Institute, Australian Investment in Education: Early Learning.

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Property ID: 503957806Last Updated: 26 Nov 2021

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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