1-3 Ghazeepore Road, WAURN PONDS, VIC, 3216

+New 15 year net lease to Hei Schools to 2037

+Two further 10 year options to 2057

+Hei Schools: highly experienced operator with 8 established locations

+Desirable fixed 3.5% annual rent increases

+Tenant pays all usual outgoings

+Premium 1,123sqm child care facility, purpose-built and created in collaboration with Finnish architects and designers, licensed for 120 LDC places

+Large 3,898sqm high profile corner site, metres from Geelong Ring Road (Princes Freeway) and only 8 kilometres from the Geelong CBD

+Strategically positioned within close proximity to the Geelong Homemaker centre including Bunnings, Waurn Ponds Shopping Centre underpinned by Coles, Woolworths and 140+ specialty stores, Epworth Hospital and Deakin University

+New construction with significant depreciation benefits

+Geelong: Victoria’s largest regional city, home to 274,000 + residents and with an economic output of $34.8 billion*

+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 the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year**

+Income: $346,088 + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 3 August 2022

Crown Casino - River Room

*Remplan

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