Stonebridge Property Group, as part of Victoria's Premier Childcare Portfolio, is pleased to present Grow Early Education Heathmont (203-205 Canterbury Road, Heathmont) for sale via Expressions of Interest closing Thursday 24 October 2024 at 3:00 pm (AEDT).
The key highlights of the opportunity include:
- New 20 year net lease to 2043 plus options to 2053 with annual rent increases being the greater of CPI or 3%
- Grow Early Education – a subsidiary of Imagine Childcare, a national operator with 19+ centres and 25+ years of trading history
- Significant 2,973 sqm* site with 75 m* combined street frontage, dual street access and 30 on-title car parks
- Brand new premium 139 LDC place childcare centre (completed in 2023) offering huge depreciation benefits
- Strategic childcare location with 12 schools within 2 km* and exposure to 36,000*+ vehicles daily
- Net Lease Structure – Tenant pays all usual outgoings including Rates, Insurance, Land Tax and Repairs & Maintenance
- Providing net income of $700,000 pa* + GST
Grow Early Education Heathmont (203-205 Canterbury Road, Heathmont) is for sale via Expressions of Interest closing Thursday 24th October 2024 at 3:00 pm (AEDT). To obtain further information, or arrange an inspection please contact the exclusive selling agents, Stonebridge Property Group.
Rorey James
+61 439 400 081
Kevin Tong ???
+61 422 848 818
*Approximately
Property Code: 1080