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Burgess Rawson - Melbourne

1 Forrest Road Padbury, WA 6025

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1 Forrest Road,
Padbury, WA 6025

Medical & Consulting • Shop & Retail • Other

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Burgess Rawson - Melbourne
1 Forrest Road
Padbury, WA 6025
Burgess Rawson - Melbourne
Natalie Couper
Adam Thomas

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000

Map of 1 Forrest Road

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Blue Chip Childcare Investment Leased to ASX Listed Tenant

  • 20 + 10 + 10 year lease to 2060
  • Moelis: Market Cap $490 million
  • Prominent 1,737 sqm main road site
Burgess Rawson is pleased to present a brand new childcare asset located in Padbury, WA. Leased to a wholly owned subsidiary of Moelis Australia (ASX Listed, $490m market cap and $5bn in funds under management), operated and managed by one of the country’s leading ASX listed education providers Think Childcare Limited under their premium brand Nido Early School, with 78 centres nationally offering world-class education philosophy focusing on early childhood experiences and education.

Investment highlights:
+ Secure 20 year net lease to 2040
+ Two further 10 year options to 2060
+ Nido Early School: operated and managed by Think Childcare (ASX:THK) under their premium brand with a network of 78 centres nationally
+ CPI + 1% annual rent increases with market review at the commencement of each further term
+ Tenant pays all usual outgoings
+ State-of-the-art 1,017 sqm multi-storey child care facility licensed for 82 LDC places
+ Prominent 1,737 sqm corner site with exposure to Marmion Avenue - 37,255 vehicles passing daily
+ Strategically located 400 metres from Padbury Primary School and 700 metres from Westfield Whitford City Shopping Centre underpinned by Coles, Bunnings + 238 specialty retailers
+ New construction with substantial taxation depreciation benefits
+ Net Income: $298,287 pa + GST and Outgoings

Auction 10:30am AEST Wednesday 24 June 2020
River Room, Crown Casino, Melbourne

To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.

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Property ID: 503555502Last Updated: 3 Jul 2020

Agency contacts

Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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Burgess Rawson  - Perth
Burgess Rawson - Perth
Level 10, 225 St Georges Terrace
PERTH, WA 6000
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Natalie Couper

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Natalie Couper
Burgess Rawson - Melbourne
1 Forrest Road Padbury, WA 6025

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

Kind Regards,

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