93B – Childcare Facility
+ 13 year lease G8 Education to 2035
+ Two further ten year option to 2055
+ G8 Education Ltd (ASX:GEM): Australia’s largest listed childcare provider, educating more than 58,000 children daily
+ Recently constructed child care facility licensed for 112 LDC places
+ Annual CPI rent reviews
+ As new fit-out with significant depreciation benefits
+ Located directly opposite both St Francis Primary School and Mill Park Secondary College with 2,500+ full time students
+ Net Income: $259,000
93C - DA Approved Play Centre
+ 640sqm premises with DA approval for a play centre
+ Frontage and direct access to 767 car parks
+ Estimated Net income: $96,000
+ Substantial 2,410sqm “Commercial 1 Zone” site only 18km from the Melbourne CBD.
+ Strategic location within Woolworths-anchored “The Stables” Shopping Centre. Ideally positioned with exposure to 19,500 + vehicles passing daily and within 950 metres from Plenty Road, a major arterial connecting the north eastern suburbs of Melbourne to the CBD.
+ 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 to the sector in the 2019/20 financial year
+ Estimated Fully Let Net Income: $354,961 pa + GST
Fo Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 23 Feburary 2022
River Room, Crown Casino, Melbourne
*Mitchell Institute, Australian Investment in Education: Early Learning.
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