Brand New Metro Melbourne Childcare Investment | Significant School Precinct
Burgess Rawson is pleased to offer to the market, 120 Brooklyn Road, Brookfield (Melton), VIC for sale via our Investment Portfolio Auction 161.
This opportunity has the following key investment highlights:
+ New 15-year net lease to Greenfield ELC to 2038.
+ Two further 10-year options to 2058.
+ Greenfield ELC: privately owned and operated local provider.
+ Fixed 3% annual rent increases.
+ Tenant pays all usual outgoings excluding land tax
+ State-of-the-art 1,070sqm* childcare centre, licenced for 120 LDC places.
+ New construction offering significant depreciation benefits.
+ Substantial 2,504sqm* site 890 metres from the $43 million Coles-anchored Melton Square Shopping Centre, and within close proximity to Woodgrove Shopping Centre, underpinned by Kmart, Big W, Woolworths, ALDI, Coles & 180 specialty retailers.
+ Strategically positioned within a significant schooling precinct - 6 schools within a 1.2-kilometre radius servicing more than 5,400 full-time students.
+ City of Melton: high growth location home to 209,145 people, with this figure anticipated to increase to 416,106 by 2051, an increase of 98.96%.
+ 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 childcare, 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: $339,255 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 21 June 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson childcare team for more information.
*Approx.
^Australian Government - Department of Education | Child Care Subsidy Reform
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