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16-18 Harry Vallence Drive, Bacchus Marsh, Vic 3340

16-18 Harry Vallence Drive, Bacchus Marsh, Vic 3340

Medical/Consulting Retail Other

  • Sold Contact Agent
  • Fri 28-Jun-19

Childcare Investment in High-Growth Location Desirable 15 Year Triple Net Lease

  • Triple Net Lease
  • Min 2.5% rent increases
  • Modern, purpose-built facility

  • Land Area
  • 2995.00 m² (approx)
  • Floor Area
  • 793 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 22, 2020

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Adam Thomas, Burgess Rawson - Melbourne
Adam Thomas
Natalie Couper, Burgess Rawson - Melbourne
Natalie Couper

Childcare Investment in High-Growth Location Desirable 15 Year Triple Net Lease

+ 15 year Triple Net lease to Affinity Education to 2029
+ Two further 5 year options to 2039
+ Min 2.5% pa rent increases plus ‘ratchet’ provisions at market review
+ Affinity Education: highly successful early education provider with over 150 centres nationally
+ Modern purpose-built child care facility licensed for 103 LDC places
+ Tenant pays all outgoings including capex, management fees and multiple holding land tax
+ Prominent 2,995sqm site with main road exposure
+ Net Income: $312,004 pa + GST and outgoings

Auction 11am AEST Wednesday 26 June 2019
River Room, Crown Casino, Melbourne

16-18 Harry Vallence Drive, Bacchus Marsh, Vic 3340

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