24 Azolla Avenue,
Werribee, VIC 3030
Medical & Consulting • Shops & Retail • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
24 Azolla Avenue
Werribee, VIC 3030
Map of 24 Azolla Avenue
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.
+ 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.
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Werribee, 3030 demographic data
The median household income for Werribee is $1,645, 13% lower than Greater Melbourne's household income of $1,901. Werribee has a younger age profile compared to the rest of Greater Melbourne (median age 35 vs 37). Property ownership data shows 59% of property owners in Werribee have a mortgage.
50,027
Population
$1,645 per week
Median household income
35 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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