Burgess Rawson is pleased to offer to the market Little Stars Early Learning Centre located at 8-10 Sherwin Court, Melton VIC for sale via our Investment Portfolio Auction 162.
This opportunity has the following key investment highlights:
+ Long 18 year net lease to 2036 plus 2 further 10 year options to 2056
+ Little Stars Early Learning: privately owned and operated childcare provider with 6 locations across Victoria
+ Fixed 3% annual rent increases
+ Current rental ($2,446 per place) below market, with market review due in 2028
+ Tenant pays all usual outgoings
+ Long established 100 LDC place centre
+ Substantial 4,004sqm* landholding, located metres from major large format retailers including Bunnings, Supercheap, Autobarn, The Good Guys, Chemist Warehouse and national fast food operators, McDonald?s, Guzman y Gomez, Carl?s Jr and KFC
+ Strategically positioned within a significant schooling precinct – 10 schools within a 3.5km radius servicing more than 5,400 full-time students^
+ Conveniently situated within close proximity to the Melton Highway interchange, servicing 22,000+ vehicles daily* and providing direct access to the Melbourne CBD^^
+ City of Melton: high growth location and now part of greater Melbourne and with a forecast residential population of 416,106 (98.96% increase) by 2051^^
+ Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care^^^
+ Net Income: $244,620 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
^Gap maps
^^Forecast ID
^^^ Australian Government – Department of Education | Child Care Subsidy Reform