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Childcare Centre, 31-33 Station Lake Road Lara, VIC 3212

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Childcare Centre, 31-33 Station Lake Road
Lara, VIC 3212

Medical & Consulting • Offices • Shop & Retail

Price information

Sold

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Land area

3792.0m²

Floor area

847.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

09 Aug 2017

Map of Childcare Centre, 31-33 Station Lake Road

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Brand New Childcare Investment leased to National Provider

  • New 20 + 5 + 5 + 5 yr lease to 2052
  • Successful national provider
  • Fixed 3% annual rent increases
New 20 year lease to Sparrow Early Learning to 2037
Sparrow Early Learning: experienced and highly successful early education provider with 30 centres nationally
Three further 5 year options through to 2052
Desirable 3% annual rental increases and to market at option
Tenant pays all outgoings including land tax and management fees
Brand new 847 sqm purpose-built child care facility, licensed for 130 LDC places
Substantial 3,792 sqm main road site 750 metres from Coles, McDonald’s and 1.2km from Lara Railway Station
Lara: strategic ‘high-growth’ location 12km north from the Geelong CBD and 52km south west from the Melbourne CBD
Net Income: $292,500 pa + GST and Outgoings

Additional information

Property ID: 502424586Last Updated: 21 Jul 2019

Childcare Centre, 31-33 Station Lake Road
Lara, VIC 3212

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Adam Thomas
Burgess Rawson - Melbourne
Childcare Centre, 31-33 Station Lake Road Lara, VIC 3212

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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