156 Wellington Street Wallan, VIC 3756
General Residential Zone
Mitchell Shire Council
Tenanted Investment Details
A Short Journey for a Long Term Investment
- EOI closing 10th July @ 4pm
- Lease to reputable national provider
- Significant depreciation allowances
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
• 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.
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.
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
For further details including a copy of the Information Memorandum, please contact our marketing agents.
Property ID: 503222318Last Updated: 16 Jul 2019