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1108 Geelong Road, MOUNT CLEAR, VIC, 3350

+15 Photos

+17 Photos

SOLD

1108 Geelong Road, MOUNT CLEAR, VIC, 3350

Properties / Sold / Victoria / Mount Clear

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

2,110 m² (*approx)

Floor Area

610 m² (*approx)

Property Type

Retail, Child/Healthcare, Other

Sub-type

Child Care, Mixed Use

Terms

10 + 10 + 10 year net lease to 2052

Fully Leased

Goodstart Early learning

Show All

2. Property Highlights

Renewed 10 Year Net Lease to Australia’s Largest Childcare Provider

10 + 10 + 10 year net lease to 2052
National provider with 664 centres
Large 2,110sqm main road site

+Renewed 10 year net lease to Goodstart Early learning to 2032.

+Two Further 10 year options to 2052.

+Goodstart Early Learning: Australia’s largest early education provider with 664 centres nationally.

+Annual rent increases to the greater of 3% or CPI.

+Tenant pays all outgoings including land tax.

+Well-maintained child care centre, licensed for 105 LDC places.

+Large 2,110sqm main road site, within close proximity to four schools and only 4 kilometres from Ballarat’s commercial centre.

+Ballarat: one of Australia’s fastest growing regional cities, projected 19% population growth by 2026.

+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: $199,500 pa*.

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 30th March 2022

Crown Casino - River Room

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

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