Childcare Centre, 11-15 Apsley Street, Strathfieldsaye, Vic 3551

Burgess Rawson is pleased to offer to the market, 11-15 Apsley Street, Strathfieldsaye (Bendigo) VIC, for sale via Portfolio Auction, to be held 10:30am (AEST) Wednesday 30 October 2024, at Crown Casino, Melbourne.  

+Fifteen (15) year net lease to Brady Bunch Early Learning to 2034
+Three further Five (5) year options to 2049
+ Brady Bunch Early Learning: successful private operator with a network of seven centres, including three sister locations in the local area
+ Fixed 3% increases, ensuring rental growth
+ Tenant pays all usual outgoings 
+ Strategically positioned only 150 metres* between both Strathfieldsaye Primary School and St Francis of the Fields Primary School
+ Expansive 2,725* sqm site located ideally located only 60 metres from Strathfieldsaye shopping precinct, featuring SUPA IGA, Australia Post and a variety of thriving local businesses
+ As new building (constructed 2019) offering tax depreciation benefits.
+ Strong trading established centre licensed for 114 LDC places.
+ Town planning approval provided for 9 shops and 5 apartments adjoining the property (south side).
+ Bendigo City Council currently undertaking a redevelopment of the Town Square adjacent to the Childcare centre (west side).
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the federal government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion to the Cheaper Childcare Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^. 

+Net Income: $297,371 pa + GST*

To be sold via Investment Portfolio Auction #172
Wednesday 30 October 2024 
10:30am (AEDT), River Room, Crown Casino, Melbourne