+ Renewed 10 year lease to Busy Bees to 2029.
+ One further ten year option to 2039.
+ Busy Bees: UK-based, global early childhood education operator with more than 850 centres worldwide, including 222 in Australia and New Zealand.
+ Annual CPI rent reviews.
+ Tenant pays all usual outgoings.
+ Well-maintained centre, licensed for 40 LDC places.
+ Large 1,252 sqm main road site.
+ Long established business (trading since 1995) recently acquired by Busy Bees.
+ Strategically located 35 metres from Belvedere Park Primary School, 850 metres from Dandenong Valley Highway, 710 metres from Frankston Freeway, providing ease of access to the Melbourne CBD via either the Peninsular Link or Eastlink.
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+Net Income: $91,087 pa + GST (As at May 2022).

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 23 February 2022

*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).