554-556 Springvale Road, Springvale South VIC 3172

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)

*Approx.

^Based on March Quarter CPI figures

**Qikmaps

EOI NOW CLOSED - OFFERS UNDER REVIEW

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