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

Cubby Care Main Street is For Sale by International Expressions of Interest closing Wednesday 17 April 2024 at 2pm (AEST) (Unless sold prior). 

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