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Mulcahy Butera - Melbourne
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156 Wellington Street Wallan, VIC 3756

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For Sale - Expression of Interest

156 Wellington Street Wallan, VIC 3756

Shop & Retail • Medical & Consulting • Other
Sale Price

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Land area

3355.0m²

Floor area

700.0m²

Car spaces

25

Parking info

On site

Property extent

Whole

Zoning

General Residential Zone

Municipality

Mitchell Shire Council

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$236,900
Number of Tenants
1 Tenant
Tenants / Type
Journey Early Learning Group

A Short Journey for a Long Term Investment

  • EOI closing 10th July @ 4pm
  • Lease to reputable national provider
  • Significant depreciation allowances
Mulcahy Butera is delighted to offer for sale 156 Wellington Street Wallan, a securely leased Early Learning/Childcare investment occupied by a reputable and nationally based service provider.

The ‘Journey Early Learning Group’ is one of Australia’s premier service providers in the expanding early learning and child care sector. This investment provides significant financial benefits with a proven occupier in place plus a quality building in a highly-valued and rapidly expanding suburb.

Key Investment highlights:

Licensed for 110 places

Long term lease to ‘Journey Early Learning Group’

$236,900 NET plus GST

Annual fixed 3% rental reviews

Rental Guarantee equivalent to 6 months rental

Purpose built in 2017, the offering comprises a reception, classrooms, kitchen, staff and separate children’s amenities and laundry.

Building Features include:

• Classrooms with direct access the children’s bathroom.
• Vinyl and carpet floor coverings
• Fitted storerooms
• Quality appliances in kitchen and staff room
• Air-conditioning
• Aluminum windows between rooms
• Washer and Drier in laundry
• Laminate finishes

‘Journey Early Learning Group’ is a privately held company with over 200 employees nationally with its’ head office located in North Ryde, NSW.

Being a national organization, their operations are across a number of metropolitan and regional locations in Queensland, Victoria and the Northern Terrority.

Queensland
• Banyo
• Corinda
• Indooroopilly
• Riverhills

Victoria
• Alphington
• Burwood
• Richmond
• Templestowe
• Thomastown
• Wallan
• Whittlesea

Northern Territory
• Durack

Location

Within the Shire of Mitchell, Wallan is located within one of Australia’s major urban growth areas. As an emerging suburb of Melbourne, its’ attractiveness to new home buyers and young families is due in part to its’ easy access by road and the freeway network, its’ public transport, a growing township with varied amenity/shopping and critical services and infrastructure to accommodate its’ ever evolving and burgeoning housing estates.

Demographics

The demographics of Wallan are extremely positive, and it is predicted to under go,as a suburb, a rapid transformation in just over 20 years with its’ population increasing by over 238%

Terms of Sale

156 Wellington Street, Wallan is being offered for sale by way of an Expression of Interest Program (EOI) closing Wednesday July 10th at 4pm.

Terms of sale call for a 10% deposit on signing the contract of sale, with the balance payable 60-90 days from exchange.

Due Diligence Material available include:

-Contract of Sale
-Vendor Statement
-Depreciation Schedule
-Building documentation

For further details including a copy of the Information Memorandum, please contact our marketing agents.

Property ID: 503222318Last Updated: 16 Jul 2019

Mulcahy Butera - Melbourne
156 Wellington Street
Wallan, VIC 3756

Mulcahy Butera - Melbourne

55 Walsh Street
WEST MELBOURNE, VIC 3003

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Mulcahy Butera - Melbourne

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Mulcahy Butera - Melbourne

55 Walsh Street
WEST MELBOURNE, VIC 3003
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David Butera

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David Butera
Mulcahy Butera - Melbourne
156 Wellington Street Wallan, VIC 3756

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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