Burgess Rawson is pleased to offer to the market, Elles Belles Early Learning located in Ormond VIC, for sale via Private Treaty.

The property has the following key investment highlights:

+ 15-year net lease to Elles Belles Early Learning to 2037.
+ Two further 10-year options to 2057.
+ Elles Belles Early Learning : boutique operator with a further strong-trading centre in Cheltenham.
+ Desirable rent increases to the greater of CPI or 3%pa, ensuring rental growth.
+ Tenant pays all outgoings including land tax.
+ Impressive double storey childcare facility, with service approval for 94 LDC places and basement parking for 20 cars.
+ Strategic 1,026 sqm main road ‘city-bound’ site, with exposure to 39,000 + vehicles passing daily and located only 12 kilometres from the Melbourne CBD.
+ The centre is located within the McKinnon school zone, including one of Victoria’s top ranking high schools – McKinnon Secondary College, McKinnon Primary School, Valkstone Primary School, Kilvington Grammar School and St Patrick’s School.
+ Conveniently located 3 kilometres from Chadstone Shopping Centre, one of Australia’s largest shopping centres, underpinned by Aldi, Coles, Woolworths and 420+ specialty stores.
+ As new construction with significant depreciation benefits.
+ 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^^^
+ Net Income: $464,130pa + GST.

For Sale via Private Treaty

^^^ Australian Government Department of Education