Goodstart Early Learning, 554-556 Springvale Road,
Springvale South, VIC 3172
Medical & Consulting • Shops & Retail • Other
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JLL - Melbourne
Level 40, 101 Collins StreetMELBOURNE, VIC 3000
Goodstart Early Learning, 554-556 Springvale Road
Springvale South, VIC 3172
Map of Goodstart Early Learning, 554-556 Springvale Road
PROUDLY SOLD BY JLL HEALTHCARE & LIFE SCIENCES TEAM
- Leased to national tenant Goodstart
- Land Tax Exempt Operator
- Annual uncapped CPI increases
JLL Healthcare & Life Sciences has the exclusive privilege of offering for sale Goodstart Early Learning at 554-556 Springvale Road, Springvale South.
Key details of the opportunity include:
+ Purpose built 83 place child care centre in Melbourne’s established and popular eastern suburbs
+ Triple net lease with net income of $209,546per annum*^ + GST & outgoings as at Jul-2023, with uncapped CPI annual rental increase
+ Initial 20-year lease term with a further 5-year option until 2030, with a market review at option that is capped at 5% or CPI (whichever is greater) with ratchet provision
+ Leased to market leading Australian operator Goodstart with more than 660 centres nationally
+ Outgoings 100% payable by the tenant, with Goodstart being land tax exempt
+ Prominent General Residential landholding of 1,979sqm* with high exposure frontage to Springvale Road
+ Child care centre underpinned by strong education catchment with 18 schools and 11,762 students* within 3km of the centre
+ Springvale South is a popular child care location with a median family income of $77,896pa** qualifying a large portion of the community for 85% subsidies (increasing to 90% in July-2023)
*Approx.
^Based on March Quarter CPI figures
**Qikmaps
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
Mark Stafford | 0404 401 0...
MingXuan Li 李名轩| 0498 688 9...
Key details of the opportunity include:
+ Purpose built 83 place child care centre in Melbourne’s established and popular eastern suburbs
+ Triple net lease with net income of $209,546per annum*^ + GST & outgoings as at Jul-2023, with uncapped CPI annual rental increase
+ Initial 20-year lease term with a further 5-year option until 2030, with a market review at option that is capped at 5% or CPI (whichever is greater) with ratchet provision
+ Leased to market leading Australian operator Goodstart with more than 660 centres nationally
+ Outgoings 100% payable by the tenant, with Goodstart being land tax exempt
+ Prominent General Residential landholding of 1,979sqm* with high exposure frontage to Springvale Road
+ Child care centre underpinned by strong education catchment with 18 schools and 11,762 students* within 3km of the centre
+ Springvale South is a popular child care location with a median family income of $77,896pa** qualifying a large portion of the community for 85% subsidies (increasing to 90% in July-2023)
*Approx.
^Based on March Quarter CPI figures
**Qikmaps
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
Mark Stafford | 0404 401 0...
MingXuan Li 李名轩| 0498 688 9...
Property ID: 504323040Last Updated: 11 Aug 2023
JLL - MelbourneLevel 40, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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