Share this property

Burgess Rawson - Melbourne

24 Azolla Avenue Werribee, VIC 3030

Directions

24 Azolla Avenue,
Werribee, VIC 3030

Medical & Consulting • Shop & Retail • Other

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Burgess Rawson - Melbourne
24 Azolla Avenue
Werribee, VIC 3030
Burgess Rawson - Melbourne
Adam Thomas
Natalie Couper

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000

Map of 24 Azolla Avenue

Directions

Brand New Childcare Investment with 20 Year Triple Net Lease

  • 20+10+10 Year Triple Net Lease to 2060
  • 3% annual rent increases
  • Prominent 2,699 sqm corner site
+ New 20 year Triple Net Lease to Imagine Childcare & Kindergarten to 2040
+ Two further 10 year options to 2060
+ Imagine Childcare & Kindergarten: long established and highly successful early education provider with 9 centres nationally
+ Triple Net Lease - tenant pays all outgoings including: maintenance (both capital and structural) insurances, rates, management fees and land tax (single holding basis)
+ Desirable 3% annual rent increases with ratchet provisions at market review, ensuring rental growth
+ Prominent 2,699 sqm site with street frontage of over 127 metres
+ Impressive brand new 825 sqm purpose built child care facility licensed for 112 LDC places
+ New construction with significant depreciation benefits
+ Ideally positioned within the Kings Leigh master-planned community, with direct access to Princes Freeway and proximity to both Werribee Town Centre and Train Station
+ Wyndham City: one of Australia’s largest growth areas, with forecast growth to 489,379 residents (81%increase) by 2041
+ Net Income: $334,320 + 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.

Explore property virtually

Video

Property ID: 503556158Last Updated: 29 Jun 2020

Agency contacts

Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
View agency profile
progress tick

Sending email...

Email enquiry

Adam Thomas

Send to:

Adam Thomas
Burgess Rawson - Melbourne
24 Azolla Avenue Werribee, VIC 3030

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

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call