73-75 Tareeda Way,
Ocean Grove, VIC 3226
Medical & Consulting • Shops & Retail • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
73-75 Tareeda Way
Ocean Grove, VIC 3226
Map of 73-75 Tareeda Way
Affordable Childcare Investment | Secure Net Lease to ASX-Listed Tenant
- 10 Year Net Lease + options to 2054
- ASX listed tenant with 470 centres
- Prominent 2,032 sqm site
+ Secure 10 year net lease to G8 Education to 2024
+ Three 10 year options to 2054
+ G8 Education (GEM): Australia’s largest ASX-listed early education provider, educating more than 58,000 children every day across their 470+ centres
+ Tenant pays all usual outgoings
+ Current rental ($1,523 per place) well below market, with market review due in 2024
+ Well maintained child care centre, licensed for 95 LDC places
+ Prominent 2,032 sqm site within established and rapidly expanding Bellarine Peninsula precinct
+ Located 535 metres from Woolworths anchored Ocean Grove shopping centre and only 900 metres from Ocean Grove’s major sporting and educational precinct including three schools.
+ 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: $144,730 pa + GST
For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane
+ Three 10 year options to 2054
+ G8 Education (GEM): Australia’s largest ASX-listed early education provider, educating more than 58,000 children every day across their 470+ centres
+ Tenant pays all usual outgoings
+ Current rental ($1,523 per place) well below market, with market review due in 2024
+ Well maintained child care centre, licensed for 95 LDC places
+ Prominent 2,032 sqm site within established and rapidly expanding Bellarine Peninsula precinct
+ Located 535 metres from Woolworths anchored Ocean Grove shopping centre and only 900 metres from Ocean Grove’s major sporting and educational precinct including three schools.
+ 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: $144,730 pa + GST
For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane
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Ocean Grove, 3226 demographic data
The median household income for Ocean Grove is $1,837, 33% higher than Regional Victoria's household income of $1,386. Ocean Grove has a similar age profile compared to the rest of Regional Victoria (median age 43). Property ownership data shows 47% of property owners in Ocean Grove have a mortgage.
17,714
Population
$1,837 per week
Median household income
43 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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