322-328 High Street, BELMONT, VIC, 3216

Elements:

+ Secure 15 year net lease to 2029

+ Three further five year options to 2044

+ Elements Early Learning: local boutique provider with four established Surf Coast centres

+ Modern early learning child care facility licensed for 124 LDC places

+100% Occupancy with long wait list

+ Net Income: $324,453 pa + GST

Bean Squeeze:

+ Renewed 5 year lease to 2025

+ Five further five year options to 2050

+ Bean Squeeze: established 2006, with 10 stores in Greater Geelong

+ Net Income: $55,352 pa + GST

+ Tenants pay all usual outgoings

+ Substantial 4,449sqm highway site with future potential to sub-divide (STCA)

+ High profile location with 30,000+ vehicles passing daily, direct access to the Geelong Ring Road and only 5 kilometres from the Geelong CBD.

+ Positioned within close proximity to Waurn Ponds Shopping underpinned by Coles, Woolworths and 122 specialty stores, plus the Geelong Homemaker Centre including Bunnings and Harvey Norman

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and state Governments providing record funding of $10.5 billion to the sector in the 2019/20 financial year

+ Combined Net Income: $379,805 pa + GST

For Sale by Investment Portfolio Auction

Wednesday 23 June 2021

Crown Casino, Melbourne

Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

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