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61-63 Chandler Road, NOBLE PARK, VIC, 3174
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61-63 Chandler Road, NOBLE PARK, VIC, 3174

2. Property Highlights

Impressive Childcare Investment | 20 Year Net Lease to National Tenant
  • 20 Year Net lease + options to 2056
  • Fixed 3% annual rent increases
  • Story House: 37 centres nationally

+ Secure 20 year Net Lease to Story House Early Learning to 2041

+ Three further five year options to 2056

+ Story House Early Learning: experienced early education provider with a network of 37 centres nationally

+ Tenant pays all usual outgoings including land tax (single holding basis)

+ Desirable 3% annual rent increases with market reviews at the commencement of each further term

+ Impressive double storey child care facility, licensed for 92 LDC places

+ Near new construction with significant depreciation benefits

+ Strategic main road position, 600 metres from the Princes Highway/Eastlink Junction and 25km from the Melbourne CBD

+ Situated within significant education precinct (18 schools within a 3km radius)

+ 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 in the 2019/20 financial year

+ Net Income: $322,089 pa + GST and Outgoings

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)

Crown Casino, Melbourne

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
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830

3. Property Location

61-63 Chandler Road, NOBLE PARK, VIC, 3174

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4. Due Diligence

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61-63 Chandler Road, NOBLE PARK, VIC, 3174 Noble Park
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
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830
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