New 10 Year Lease - Childcare Centre Investment!

Sold - 465 Burwood Highway, Vermont South, VIC 3133

Investment (Childcare)

Sale Details

Total Area - Sold on 28 Nov 2019

Building Area 210m2
Yield: 5.38%
Land Area 643m2

Overview

Sale History ID: 11968
Property ID: 15926
Advertised Price: Contact Agent

Description

Exceptional Childcare Centre investment now for sale via Expressions Of Interest closing Wednesday 27th November 2019 at 3pm.

The subject property is leased to Hilltop Learning Pty Ltd who have occupied the premises since its construction in 2016 and have just commenced a brand new 10+10+10 year lease returning $102,400 per annum net.

Hilltop Learning Pty Ltd (trading as Beacon Street Children's Centre) is an established and reputable childcare provider originally founded in 2013 at their adjacent location (463 Burwood Highway) where the business expanded and now successfully operates both centres. Their centre at 465 Burwood Highway is permitted for 32 children and is currently fully occupied (October 2019).

Centrally positioned at the junction of Vermont South's residential and commercial precincts, the subject property further benefits from its corner location and is metres away from Vermont South Shopping Centre, Livingstone Primary School, Vermont South Library, Coles Express, McDonalds and Vermont South Tram Terminus.

Key investment features:
- Leased to Hilltop Learning Pty Ltd
- Brand new 10+10+10 year lease
- Commenced 1st October 2019
- Rental $102,400 per annum net
- 6 months bank guarantee + personal guarantee
- Fully occupied and permitted for 32 children

Key property features:
- Land area 643m2*
- Building area 210m2*
- Prominent corner site
- Residential Growth Zone (RDZ1)
- Metres from Vermont South Shopping Centre

*Approx
Pricing excludes GST

Plans & Documents

Floorplans

Additional Info

Features
Occupancy Tenanted: Hilltop Learning Pty Ltd
Lease Term 10 + 10 + 10 years
Rent Review CPI annually. Market review at the 5th anniversary and at the option
Commenced 1st October 2019
Bonds / Guarantees 6 month bank guarantee + director guarantee
Car Spaces 4 allocated on site
Car Parking Fees N/A
Outgoings
Outgoings Payable By tenant (excl. Land Tax)

Agent Details

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