275-277 Hancock Road, Banksia Park, SA, 5091

Burgess Rawson & Ray White Commercial are pleased to offer to the market the new Guardian Childcare Banksia Park located at 275-277 Hancock Road, Banksia Park SA for sale via our Investment Portfolio 167.

The property has the following investment highlights:

+ New twenty (20) year net lease to December 2043

+ Two (2) further ten (10) year options December 2063

+ Guardian Childcare: leading national early education provider, educating more than 10,000 children per day across 152 locations

+ Fixed 3% annual rent increases, ensuring future rental growth

+ Tenant pays all usual outgoings

+ Brand new construction completed late 2023, offering significant depreciation benefits

+ Stunning 703sqm* purpose-built childcare facility licensed for 98 LDC places with 24 designated on-site car spaces

+ Strategically positioned 2,232sqm* landholding within a leading educational catchment- three (3) schools within 1km* of the centre and a further 15 schools within a 3km* radius, combining to service 5,670 students*

+ Centrally located in a strong retail precinct with six (6) major shopping centres within a 3km* radius including major centre’s Westfield Tea Tree & The Grove Village Shopping Centre, anchored by national retailers Coles, Woolworths, Myer, Big W, Kmart, ALDI and supported by an abundance of specialty tenants

+ Direct street frontage to Hancock Road, a major thoroughfare interconnecting Lower North E Road to Golden Grove Road with exposure to over 17,000* passing vehicles daily^

+ City of Tea Tree Gully: an expanding hub for retail, IT, housing and health services with a $5.3 billion GRP and a population forecast to increase to 111,576* residents by 2046^^

+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^

+ Net Income: $367,500 pa* + GST

To be sold via Investment Portfolio Auction 167

10:30am (AEDT) Wednesday 27 March 2024

Crown Casino, Melbourne

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed team for more information.

*Approx.

^ Gapmaps

^^City of Tea Tree Gully

^^^ Australian Government Department of Education

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