Sold
Kool Kidz, 35-45 Errol Boulevard Mickleham, VIC 3064
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Land area
0.44ha (1.09 acres)
Floor area
1116.0m²
Property extent
Whole
Tenure type
Tenanted Investment
Sold on
26 Apr 2018
Brand New Childcare Investment
- New 15 yr lease + opts to 2063
- Fixed 4% annual rent increases
- Vic's largest master planned community
Located at Merrifield – Victoria’s largest master-planned community consisting of 900ha* including a city centre, 6,000+ homes and 20,000+ jobs.
New 15 year lease to Kool Kidz to 2033 + options to 2063.
Kool Kidz: highly successful early education provider with 12 centres across Victoria and Malaysia.
Highly desirable 4% annual rent increases plus market review at options.
Brand new purpose-built child care facility, licensed for 168 LDC places.
Strategic 4,399 sqm corner site metres from three future schools.
Mickleham: one the state’s largest and fastest growth areas with a 9.3% increase in population from 2015-16 (Source: ABS).
Significant income tax saving depreciation benefits.
Income: $369,600 pa + GST and outgoings.
For Sale by Expressions of Interest
Closing 4pm Tuesday 17 April 2018
Property ID: 502747450Last Updated: 2 Jul 2018
Agency contacts
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Burgess Rawson - Melbourne
Level 7,140 Bourke StreetMELBOURNE, VIC 3000
Natalie Couper
Adam Thomas
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