New 10 Year Lease - Childcare Centre Investment!

Sold - 465 Burwood Highway, Vermont South

Investment opportunity, Childcare

Sale Details

Sold on 28 Nov 2019

Building Area 210m²
Yield: 5.37%
Land Area 643m²

Overview

Sale History ID: 32743
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

Attachments

Additional Info

Features
TenancyHilltop Learning Pty Ltd
Lease Term10 + 10 + 10 years
Commenced1st October 2019
Rent ReviewCPI annually. Market review at the 5th anniversary and at the option
Bond/Guarantees6 month bank guarantee + director guarantee
Outgoings PayableBy tenant (excl. Land Tax)
Car Spaces4 allocated on site
Wheel Chair AccessYes
ZoningResidential Growth Zone (GRZ1)
Outgoings

Agent Details

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