41 Rennie Street,
Lara, VIC 3212
Medical & Consulting • Shops & Retail • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
41 Rennie Street
Lara, VIC 3212
Map of 41 Rennie Street
Impressive Childcare Investment | New 15 Year Net Lease to National Tenant
- New 15 Year Net Lease + opts to 2066
- Fixed 3% annual rent increases
- Large 3,253 sqm corner site
+ 15 year net lease to Journey Early Learning to 2036.
+ Three further 10 year options to 2066.
+ Journey Early Learning: leading early education provider, with a network of 37 centres across the eastern seaboard.
+ Attractive 3% annual rent increases.
+ Strong-trading business recently acquired by Journey Early Learning in 2021.
+ Tenant pays all usual outgoings.
+ Premium 1,000 sqm facility, with service approval for 152 LDC places.
+ Large 3,253 sqm corner site within 800 metres of both the Lara town centre and the Princes Freeway and only 7 kilometres north east from the Geelong CBD.
+ Located the within established and rapidly expanding Bellarine Peninsula precinct, with forecast population of 393,216 (43% increase) residents by 2041.
+ As new construction, with significant depreciation benefits.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $460,775 pa + GST.
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
+ Three further 10 year options to 2066.
+ Journey Early Learning: leading early education provider, with a network of 37 centres across the eastern seaboard.
+ Attractive 3% annual rent increases.
+ Strong-trading business recently acquired by Journey Early Learning in 2021.
+ Tenant pays all usual outgoings.
+ Premium 1,000 sqm facility, with service approval for 152 LDC places.
+ Large 3,253 sqm corner site within 800 metres of both the Lara town centre and the Princes Freeway and only 7 kilometres north east from the Geelong CBD.
+ Located the within established and rapidly expanding Bellarine Peninsula precinct, with forecast population of 393,216 (43% increase) residents by 2041.
+ As new construction, with significant depreciation benefits.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $460,775 pa + GST.
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
Explore property virtually
Video
Property ID: 503988858Last Updated: 27 Jul 2023
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Sending email...
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.
More properties from Burgess Rawson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Tristar Medical Group, 284 Torquay Road,Grovedale, VIC 3216 912 m²Medical & Consulting • Shops & Retail
Contact Agent
215 Aberdeen Street,Newtown, VIC 3220 1031 m²Medical & Consulting • Shops & Retail • Other
