Brand New Childcare Investment | Positioned in High Growth Location

Описание: Burgess Rawson is pleased to offer to the market, 23-25 O’Neills Road, Melton VIC for sale via our Investment Portfolio Auction 160.

This opportunity has the following key investment highlights:

Brand new 20 year net lease to Story House to 2043.
Three further 5 year options to 2058.
Story House: leading early childhood education provider, with a network of 50 centres across the eastern seaboard.
Annual fixed 3% rent increases.
Tenant pays all outgoings including land tax.
State-of-the-art childcare centre licenced for 88 LDC places.
Brand new construction offering significant depreciation benefits.
Large 1,749sqm corner site with frontages to Oldershaw Rd and O’Neills Rd, located 150 metres from ALDI, 890 metres from the Woolworths-anchored Coburns Central, and 1 kilometre from Woodgrove Shopping Centre, a 54,000sqm shopping centre underpinned by Kmart, Big W, Woolworths, ALDI, Coles & 180 specialty retailers.
Convenient central location amongst a significant schooling precinct in the heart of one of Melbourne’s fastest growing municipalities – 17 schools within a 3 kilometre radius that combine to service over 12,740 full-time students.
City of Melton: high growth location home to 209,145 people, with this figure anticipated to increase to 416,106 by 2051, an increase of 98.96%.
Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding in 2022, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year^.
Net Income: $304,832 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne

*Approx.
^Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).

Burgess Rawson Agents:
Adam Thomas 0418 998 971
Natalie Couper 0413 856 983
Zomart He 何梓轩 0488 220 830
Sam Mecuri 0413 830 709