50 Brunnings Road, CARRUM DOWNS, VIC, 3201

+20 year net lease to Busy Bees to 2027

+Two further 10 year options to 2047

+Busy Bees: UK-based, global early childhood education operator with more than 850 centres worldwide, including 222 in Australia and New Zealand

+Annual CPI rent reviews

+Tenant pays all usual outgoings

+Well-maintained 91 LDC place child care centre, with significant capital upgrade to external playscapes

+Security of 12-month bank guarantee

+Large 2,463 sqm site with triple street frontage and only metres from Carrum Downs Secondary College and Banyan Fields Primary School

+Prime position with close proximity to Carrum Downs Shopping Centre and with ease of to both the Dandenong – Frankston Road and Eastlink, major arterials connecting the Melbourne CBD to the southeastern suburbs

+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year*

+Net Income: $300, 481 pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 3 August 2022

Crown Casino - River Room

*approx

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