The listing of this tenanted investment property must be seen as an extremely rare opportunity to secure one of Australia’s best childcare centres.
The tenants have invested $2,000,030 of their own finances into the world class fit-out, and as such they have turned an extremely well constructed commercial building into a licenced facility for a 96 place professional childcare service.
The link below provides direct access to the tenants website and confirms that the facilities and quality of the fit-out are second to none.
www.thegroveearlylearning.com.au
Please note; Childcare is such that parents are generally reluctant to move 3-5 year old children mid term and as such enrolments in new services, will steadily increase throughout the year, and it ins’t until Jan/Feb – just prior to school commencing – that the strong – increases in occupancy are experienced.
- Based on current forward childcare enrolments;
- 50-60% by Nov 2019
- 80% + by Dec/Jan 2019
- Expectations are 95% by start of school year.
- Rental $287,000 pa + GST – Includes Telstra phone tower rental.
- Triple net lease – All out goings are paid by the tenant including land tax
- 15 year lease – commenced 28th August 2017
- 4 x 5 year options
- Annual rent reviews are 2.5% or CPI whichever is higher
- 96 Place childcare centre
- Business opened 12 Sept 2018 – Already running at 53% occupancy
- Extremely secure business position with 70,000 + cars driving past each day
- Prime position provides direct marketing to secure the tenant ….. and future returns
- Market reviews at option long day care centre