Impressive Childcare Investment | New 14 Year Net Lease to 2038 + Options
Burgess Rawson is pleased to offer to the market, 100 Beveridge Street, Swan Hill, VIC for sale via our Investment Portfolio Auction 161.
This opportunity has the following key investment highlights:
+ New 14-year net lease to Montessori Beginnings to 2038.
+ Three further 5-year options to 2053.
+ Montessori Beginnings: experienced Victorian operator with 9 current centres plus 4 further locations opening soon.
+ Desirable 3% annual rent increases.
+ Tenant pays all usual outgoings.
+ Impressive 72 LDC place centre incorporating completely refurbished character-filled cottage along with purpose-built extension.
+ New construction with significant depreciation benefits.
+ Strategic 1,276sqm* commercial site opposite Woolworths and metres from Swan Hill Hospital and major national retailers including ALDI, Bunnings and Coles.
+ Situated within a significant education precinct (6 schools within a 1.6km radius).
+ Swan Hill: affordable family-oriented town with a median house price growth of 11.8% in the last 12 months. !
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care.^
Net Income: $201,161 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 21 June 2023
Crown Casino, Melbourne
Please contact the exclusively appointed team for more information:
Conjunctional Agent:
Ray White - Swan Hill
Brian Wood
Mobile: 0428 500 199
brian.wood@raywhite.com
*Approx.
! Realestate.com
^Australian Government - Department of Education | Child Care Subsidy Reform
Remember to mention you found this property on CommercialReady
