ACARES, 7 Ararat Street,
Tarneit, VIC 3029
Medical & Consulting • Shops & Retail • Other
Key property information
Land area
Floor area
Property extent
Tenure type
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
ACARES, 7 Ararat Street
Tarneit, VIC 3029
Map of ACARES, 7 Ararat Street
Circa 8% Net Yield Anticipated | Specialist Disability Accommodation Freehold – Land Tax Exempt Investment
- ‘High Physical Support’ standards
- 10-year lease to 2031 plus options
- Leased to national operator ACARES
Burgess Rawson from CBRE is pleased to offer to the market the ACARES Specialist Disability Accommodation (SDA) facility located at 7 Ararat Street, Tarneit VIC for sale via Private Treaty.
The property has the following key investment highlights:
+ Ten (10) year lease to ACARES to October 2031 plus Two (2) additional Ten (10) year options to 2051 (circa 5 years remaining).
+ ACARES: subsidiary of Zenitas Healthcare, ACARES is a leading Australian provider of disability, aged care, and health services.
+ Purpose-built 274sqm* 3-bedroom (plus OOA) SDA building constructed to ‘High Physical Support’ standards.
+ Strategic 508sqm* corner freehold landholding with important 46m* dual street frontage to Ararat Street & Benambra Street.
+ Fixed, compounding, annual 2.5% rent increases, ensuring income growth.
+ Land tax exempt investment opportunity.
+ ACARES is responsible for all usual outgoings including rates and insurance premiums.
+ Conveniently located just 900m* from ALDI and a full-line Coles Supermarket.
+ Tarneit: one of Australia’s fastest growing city-fringe locations with population set to surge 73.39% by 2046 to more than 125,000 residents. (1)
+ City of Wyndham: home to more than 337,000 residents, the City of Wyndham supports 91,224 jobs and has an annual economic output of $37.867 billion.(2)
+ Net Income: $86,225 pa*.
To be sold by Private Treaty
*Approx
1 .id
2 REMPlan
The property has the following key investment highlights:
+ Ten (10) year lease to ACARES to October 2031 plus Two (2) additional Ten (10) year options to 2051 (circa 5 years remaining).
+ ACARES: subsidiary of Zenitas Healthcare, ACARES is a leading Australian provider of disability, aged care, and health services.
+ Purpose-built 274sqm* 3-bedroom (plus OOA) SDA building constructed to ‘High Physical Support’ standards.
+ Strategic 508sqm* corner freehold landholding with important 46m* dual street frontage to Ararat Street & Benambra Street.
+ Fixed, compounding, annual 2.5% rent increases, ensuring income growth.
+ Land tax exempt investment opportunity.
+ ACARES is responsible for all usual outgoings including rates and insurance premiums.
+ Conveniently located just 900m* from ALDI and a full-line Coles Supermarket.
+ Tarneit: one of Australia’s fastest growing city-fringe locations with population set to surge 73.39% by 2046 to more than 125,000 residents. (1)
+ City of Wyndham: home to more than 337,000 residents, the City of Wyndham supports 91,224 jobs and has an annual economic output of $37.867 billion.(2)
+ Net Income: $86,225 pa*.
To be sold by Private Treaty
*Approx
1 .id
2 REMPlan
Tarneit, 3029 demographic data
The median household income for Tarneit is $2,103, 11% higher than Greater Melbourne's household income of $1,901. Tarneit has a younger age profile compared to the rest of Greater Melbourne (median age 30 vs 37). Property ownership data shows 83% of property owners in Tarneit have a mortgage.
56,370
Population
$2,103 per week
Median household income
30 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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