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37 McNeill Street, ARARAT, VIC, 3377

+12 Photos

+14 Photos

SOLD

37 McNeill Street, ARARAT, VIC, 3377

Properties / Sold / Victoria / Ararat

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,057 m² (*approx)

Floor Area

200 m² (*approx)

Property Type

Retail, Child/Healthcare, Other

Sub-type

Child Care, Mixed Use

Terms

New 15 year net lease to 2037

Fully Leased

Ararat Childcare & Kinder

Show All

2. Property Highlights

Entry Level Childcare Investment | 4% Annual Rent Increases

New 15 + 10 + 10 + 10 year net lease
Desirable 4% pa rent increases
Established centre since 1995

+New 15 year net lease to Ararat Childcare & Kinder to 2037

+Three further ten year options to 2067.

+Ararat Childcare & Kinder: privately owned and operated local provider.

+Tenant pays all usual outgoings.

+Desirable 4% annual rent increases.

+Well maintained 50 LDC place child care facility trading since 1995.

+1,057sqm corner site within an established residential precinct.

+Located 700m from Ararat’s commercial precinct including ALDI & Woolworth’s & within close proximity to five schools.

+Ararat: major regional service centre and gateway to the Grampians with a population catchment of 25,000+ residents.

+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. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year*.

+Net Income: $86,940 pa* + GST.

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 11 May 2022

Crown Casino - River Room

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

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