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57-59 Stud Road, DANDENONG, VIC, 3175
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57-59 Stud Road, DANDENONG, VIC, 3175

2. Property Highlights

Strong-Trading Childcare Investment | New 15+10+10 Year Net Lease to 2056
  • 15 Year Net lease + options to 2056
  • Fixed 3% annual rent increases
  • 1,474 sqm main road site

+ New 15 year net lease to CREST Children’s Sanctuary to 2036

+ Two further 10 year options to 2056

+ CREST Children’s Sanctuary: private operator with 8 years industry experience across multiple locations and family within industry for 20+ years

+ Tenant pays all outgoings including land tax

+ Desirable fixed 3% annual rent increases

+ Impressive 762 sqm double storey educational facility, licensed for 111 LDC places

+ Prime 1,474 sqm main road site, with 32,000+ vehicles passing daily

+ Strategically positioned metres from Dandenong Hospital, Dandenong Market and 28km from the Melbourne CBD

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector in the 2019/20 financial year

+ Net Income: $388,500 pa + GST and outgoings

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 31 March 2021

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

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

3. Property Location

57-59 Stud Road, DANDENONG, VIC, 3175

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4. Due Diligence

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57-59 Stud Road, DANDENONG, VIC, 3175 Dandenong
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Natalie Couper
Natalie Couper
+61 *** *** *** show +61 413 856 983
Adam Thomas
Adam Thomas
+61 *** *** *** show +61 418 998 971
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