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50 Banyan Drive, CRANBOURNE WEST, VIC, 3977
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50 Banyan Drive, CRANBOURNE WEST, VIC, 3977

2. Property Highlights

Brand New Childcare Investment with 20 Year Triple Net Lease
  • New 20 Year Triple Net Lease
  • 3% Annual Rent Increases
  • Prominent 2,670 sqm Corner Site

+ New 20 year Triple Net Lease to Imagine Childcare & Kindergarten to 2040

+ Two further 10 year options to 2060

+ Imagine Childcare & Kindergarten: long established and highly successful early education provider with 13 centres nationally

+ Triple Net Lease - tenant pays 100% of outgoings including: all maintenance, insurances, rates, management fees and land tax (single holding basis)

+ Desirable 3% annual rent increases with ratchet provisions at market review, ensuring rental growth

+ Prominent 2,670 sqm site accommodating a brand new double storey 767 sqm purpose-built child care facility licensed for 124 LDC places

+ New construction with significant depreciation benefits

+ Prominent corner position within the rapidly evolving Lochaven Residential Estate, metres from both Cranbourne Secondary College (1,200 students, opening Q1 2021) and the Woolworths-anchored Cranbourne West Shopping, and with direct access to Evans & Cranbourne-Frankston Road’s

+ The City of Casey: one of the fastest growing and most populous municipalities in Australia, home to 353,872 people, supporting 67,648 jobs with an annual economic output of $20.185 billion

+ Net Income: $385,516 pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 9 December

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

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Adam Thomas
Adam Thomas
+61 *** *** *** show +61 418 998 971
Natalie Couper
Natalie Couper
+61 *** *** *** show +61 413 856 983

3. Property Location

50 Banyan Drive, CRANBOURNE WEST, VIC, 3977

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4. Due Diligence

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50 Banyan Drive, CRANBOURNE WEST, VIC, 3977 Cranbourne West
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Adam Thomas
Adam Thomas
+61 *** *** *** show +61 418 998 971
Natalie Couper
Natalie Couper
+61 *** *** *** show +61 413 856 983
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