382 Main Street, Bairnsdale

Affordable Investment with Triple Net Lease to ASX-Listed Tenant

The JLL Healthcare & Life Science team is pleased to exclusively present this affordable child care centre at 382 Main Street, Bairnsdale.

Key details of the opportunity include:

+ Leased to Evolve Early Education Pty Ltd (part of the ASX-Listed (ASX: EVO) Embark Early Education Ltd)

+ Excellent trading history with strong occupancy and waitlist for 2024

+ 17-year Triple Net Lease plus options until 2043

+ Net rental of $110,436 * per annum plus GST & Outgoings with CPI annual increases (ratchet clause of a minimum 3% increase)

+ Favourable lease security with corporate guarantee in place

+ Over 20m* of exposure to Main Street, a major arterial road with 22,000+ vehicles passing daily

+ Ideally positioned just 150m* from Bairnsdale Primary School

+ The new $5.4 billion federal government child care package commenced in July 2023, and with the Bairnsdale median family income sitting at $57,252** the majority of the local community qualifies for the full subsidy of up to 90%

+ East Gippsland is a thriving regional with forecasted population growth of 22% by 2041^

+ Positioned less than 1.1km* from Bairnsdale Station, Coles, Woolworths, Aldi, Dan Murphy’s, McDonald’s, KFC, Chemist Warehouse, Hungry Jacks and more.

*Approx.

^Forecast.ID

**ABS 2021 Community Census

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Mark Stafford | 0404 401 053

MingXuan Li | 0498 688 998