50 Banyan Drive,
Cranbourne West, VIC 3977
Shops & Retail • Medical & Consulting • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
50 Banyan Drive
Cranbourne West, VIC 3977
Map of 50 Banyan Drive
Brand New Childcare Investment with 20 Year Triple Net Lease
- New 20 Year Triple Net Lease
- 3% Annual Rent Increases
- Prominent 2,670 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 13 centres nationally
+ Triple Net Lease - tenant pays 100% of outgoings including: all maintenance, 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 2,670 sqm site accommodating a brand new double storey 767 sqm purpose-built child care facility licensed for 124 LDC places
+ New construction with significant depreciation benefits
+ Prominent corner position within the rapidly evolving Lochaven Residential Estate, metres from both Cranbourne Secondary College (1,200 students, opening Q1 2021) and the Woolworths-anchored Cranbourne West Shopping, and with direct access to Evans & Cranbourne-Frankston Road’s
+ The City of Casey: one of the fastest growing and most populous municipalities in Australia, home to 353,872 people, supporting 67,648 jobs with an annual economic output of $20.185 billion
+ Net Income: $385,516 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December
+ Two further 10 year options to 2060
+ Imagine Childcare & Kindergarten: long established and highly successful early education provider with 13 centres nationally
+ Triple Net Lease - tenant pays 100% of outgoings including: all maintenance, 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 2,670 sqm site accommodating a brand new double storey 767 sqm purpose-built child care facility licensed for 124 LDC places
+ New construction with significant depreciation benefits
+ Prominent corner position within the rapidly evolving Lochaven Residential Estate, metres from both Cranbourne Secondary College (1,200 students, opening Q1 2021) and the Woolworths-anchored Cranbourne West Shopping, and with direct access to Evans & Cranbourne-Frankston Road’s
+ The City of Casey: one of the fastest growing and most populous municipalities in Australia, home to 353,872 people, supporting 67,648 jobs with an annual economic output of $20.185 billion
+ Net Income: $385,516 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December
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Cranbourne West, 3977 demographic data
The median household income for Cranbourne West is $1,856, 2% lower than Greater Melbourne's household income of $1,901. Cranbourne West has a younger age profile compared to the rest of Greater Melbourne (median age 32 vs 37). Property ownership data shows 81% of property owners in Cranbourne West have a mortgage.
19,969
Population
$1,856 per week
Median household income
32 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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