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1 Wade Street (Madden Boulevard), TARNEIT, VIC, 3029

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+21 Photos

Under Offer

1 Wade Street (Madden Boulevard), TARNEIT, VIC, 3029

Properties / Buy / Victoria / Tarneit

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

2,851 m² (*approx)

Floor Area

811 m² (*approx)

Property Type

Retail, Child/Healthcare, Other

Terms

15 year net lease to 2036 with Three further Five (5) year options to 2051

Est. Income

$371,389 p/a

Fully Leased

Aspire Early Education

Show All

2. Property Highlights

Brand New Childcare Investment | Major Growth Location - 15 Year Net Lease

15 year net lease + options to 2051
Fixed 3% annual rent increases
Strategic 2,851 sqm corner site

+ New Fifteen (15) year net lease Aspire Early Education to 2036

+ Three further Five (5) year options to 2051

+ Aspire Early Education: experienced child care provider with a growing network of 11 centres

+ Tenant pays all usual outgoings including management fees

+ Fixed 3% annual rent increases

+ Impressive 811sqm* centre licensed for 122 LDC places

+ Strategic corner position within the rapid evolving Emerald Park Estate, offering 1350 + residential allotments, currently over 80% sold with further allotments released soon

+ Located within one of Australia’s fastest growing suburbs – forecast population increase of 164% to 131,166 residents by 2041

+ Brand new construction with significant depreciation benefits

+ 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.*

+ Net Income: $371,389 pa + GST

For Sale by Investment Portfolio Auction

10:30AM (AEDT) Wednesday 15 December 2021

River Room, Crown Casino, Melbourne

*Mitchell Institute, Australian Investment in Education: Early Learning..

Remember to mention you found this property on CommercialReady.com.au

Property Type

Retail, Child/Healthcare, Other

Est. Income

$371,389 p/a

Number Of Tenants

Tenant

Aspire Early Education

Terms

15 year net lease to 2036 with Three further Five (5) year options to 2051

Land Area

2,851 m² (*approx)

Floor Area

811 m² (*approx)

Selling Method

Auction

Auction Date

15 Dec 2021 10:30AM

Add to calendar

Selling Details

Price on Request

2. Property Highlights

Brand New Childcare Investment | Major Growth Location - 15 Year Net Lease

15 year net lease + options to 2051
Fixed 3% annual rent increases
Strategic 2,851 sqm corner site

+ New Fifteen (15) year net lease Aspire Early Education to 2036

+ Three further Five (5) year options to 2051

+ Aspire Early Education: experienced child care provider with a growing network of 11 centres

+ Tenant pays all usual outgoings including management fees

+ Fixed 3% annual rent increases

+ Impressive 811sqm* centre licensed for 122 LDC places

+ Strategic corner position within the rapid evolving Emerald Park Estate, offering 1350 + residential allotments, currently over 80% sold with further allotments released soon

+ Located within one of Australia’s fastest growing suburbs – forecast population increase of 164% to 131,166 residents by 2041

+ Brand new construction with significant depreciation benefits

+ Net Income: $371,389 pa + GST

For Sale by Investment Portfolio Auction

10:30AM (AEDT) Wednesday 15 December 2021

River Room, Crown Casino, Melbourne

*Mitchell Institute, Australian Investment in Education: Early Learning..

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment