26 Glenelg Drive, MAIDEN GULLY, VIC, 3551

+ Secure 20 year net lease to Jenny’s Early Learning to 2037

+ Two generous 10 year options to 2057

+ Jenny’s Early Learning: highly regarded and successful early education provider with four further locations in Bendigo

+ Long established and strongly trading business currently trading at 90%+ occupancy

+ Desirable 3% annual rent increases

+ Tenant pays all usual outgoings

+ Quality double-brick child care facility (constructed in 2008) and licensed for 87 LDC places

+ Substantial 2,329 sqm site, strategically positioned 300metres from Maiden Gully Primary School (563 students enrolled)

+ Eligible for Regional Victoria 50% stamp duty concession.

+ City of Greater Bendigo: Victoria’s largest inland City with a current population of 121,349 and forecast to grow to over 155,000 by 2036

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector in the 2019/20 financial year

+ Net Income: $217,959 pa + GST

For Sale by Investment Portfolio Auction

10:30AM (AEDT) Wednesday 31 March 2021

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