Burgess Rawson is delighted to offer to the market Bluebird Early Education Centre located at 322 Centre Road, Berwick (Melbourne) VIC for sale via Investment Portfolio Auction 173.

+ 15-year net lease to Bluebird Early Education to November 2038
+ Three further 10-year options to 2068
+ Bluebird Early Education: a growing network of 19 centres across Australia with a strong presence in Victoria, New South Wales, and Queensland
+ Annual increases to the greater of CPI or 3%, ensuring rental growth
+ Tenant pays usual outgoings including single holding land tax
+ As a newly built, state-of-the-art facility licensed for 100 LDC places, offering excellent tax saving depreciation benefits
+ High-performing centre already boasting strong occupancy in its early establishment phase
+ Ideally positioned within the popular Alira Village Residential Estate, supported by an IGA supermarket, pharmacy, medical centre, dental clinic and supporting retail
+ Alira Village: Situated on over 70 acres of natural spaces, will eventually be home to 1,600 homes, offering a range of residential options, including town houses, houses and land packages
+ Berwick boasts a prestigious and comprehensive education sector and is home to several well-regarded schools and universities including Haileybury College, Berwick Primary School, Berwick Secondary College Chisholm Institute and Federation University Australia
+ City of Casey is a rapidly growing LGA in the south-east growth corridor of Melbourne with the population forecast to increase 45% to 574,124 by 2046
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families
+ The 2024-25 Federal Budget has paved the way for positive change and reform in the childcare sector. In addition to this increase in award wages for childcare educators, $650 million will be allocated to workforce qualification and training in the childcare sector over the next four years to further enhance the quality of education and support the future of Australian children^^^
+ Net Income: $329,600 pa* + GST

To be sold by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 December 2024
Crown Casino, Melbourne

Please contact the exclusively appointed team for more information.

*Approx.
^^^ Australian Government Department of Education