Grafton Aged Care (Listing Only)
AU - South Grafton, NSW
JLL Healthcare & Life Sciences has the exclusive privilege of offering for sale Goodstart Early Learning at 554-556 Springvale Road, Springvale South.
Key details of the opportunity include:
· Purpose built 83 place child care centre in Melbourne’s established and popular eastern suburbs
· Triple net lease with net income of $209,546per annum*^ + GST & outgoings as at Jul-2023, with uncapped CPI annual rental increase
· Initial 20-year lease term with a further 5-year option until 2030, with a market review at option that is capped at 5% or CPI (whichever is greater) with ratchet provision
· Leased to market leading Australian operator Goodstart with more than 660 centres nationally
· Outgoings 100% payable by the tenant, with Goodstart being land tax exempt
· Prominent General Residential landholding of 1,979sqm* with high exposure frontage to Springvale Road
· Child care centre underpinned by strong education catchment with 18 schools and 11,762 students* within 3km of the centre
· Springvale South is a popular child care location with a median family income of $77,896pa** qualifying a large portion of the community for 85% subsidies (increasing to 90% in July-2023)
^Based on March Quarter CPI figures
Goodstart Early Learning Springvale South is For Sale by International Expressions of Interest closing on Friday 2 June at 2pm (AEST).
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
Mark Stafford | 0404 401 053
MingXuan Li 李名轩| 0498 688 998
· Leased to national tenant Goodstart
· Land Tax Exempt Operator
· Annual uncapped CPI increases