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Burgess Rawson - Melbourne

61-63 Chandler Road Noble Park, VIC 3174

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61-63 Chandler Road,
Noble Park, VIC 3174

Medical & Consulting • Shop & Retail • Other

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Burgess Rawson - Melbourne
61-63 Chandler Road
Noble Park, VIC 3174
Burgess Rawson - Melbourne

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000

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Impressive Childcare Investment | 20 Year Net Lease to National Tenant

  • 20 Year Net lease + options to 2056
  • Fixed 3% annual rent increases
  • Story House: 37 centres nationally
+ Secure 20 year Net Lease to Story House Early Learning to 2041
+ Three further five year options to 2056
+ Story House Early Learning: experienced early education provider with a network of 37 centres nationally
+ Tenant pays all usual outgoings including land tax (single holding basis)
+ Desirable 3% annual rent increases with market reviews at the commencement of each further term
+ Impressive double storey child care facility, licensed for 92 LDC places
+ Near new construction with significant depreciation benefits
+ Strategic main road position, 600 metres from the Princes Highway/Eastlink Junction and 25km from the Melbourne CBD
+ Situated within significant education precinct (18 schools within a 3km radius)
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year
+ Net Income: $322,089 pa + GST and Outgoings

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)
Crown Casino, Melbourne

Additional information

Property ID: 503803110Last Updated: 18 May 2021

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Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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Zomart He

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Zomart He
Burgess Rawson - Melbourne
61-63 Chandler Road Noble Park, VIC 3174

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