Story House Early Learning, 4c Wally Place, Lynbrook, Vic 3975

Burgess Rawson in conjunction with Nichols Crowder is pleased to offer to the market, 4C Wally Place, Lynbrook VIC for sale via Portfolio Auction #175.

This opportunity has the following key investment highlights:

+ Ten (10) year net lease to Story House to November 2028, plus 2 x 10 year options through to 2048.
+ Story House: leading early childhood education provider, with a network of 50 centres across the eastern seaboard.
+ Fixed 3% annual rent increases.
+ Modern 688*sqm single-level childcare facility licensed for 107 LDC places.
+ Landlord-friendly net lease terms with the tenant responsible for all usual outgoings.
+ Prominently positioned within a strong schooling catchment, with seven (7) schools within a 3km* radius servicing 3,654 students**
+ Ideally located near prominent retail destinations including Lynbrook Village, Hampton Park Shopping Centre, and Westfield Fountain Gate, this site provides easy access to national retailers Coles, Woolworths, ALDI, and Kmart, plus 153 specialty stores.
+ Perfectly positioned adjacent to the South Gippsland Fwy, a vital southeast arterial route, this site ensures immediate access for commuters heading to the South Gippsland region. With more than 80,000 vehicles passing daily*.
+ City of Casey: One of Melbourne's fastest-growing municipalities, with a rapidly expanding population projected to grow 43% by 2046.^
+ Childcare/Early Education is an essential service with both Federal and State Governments allocating $14.8 billion of funding for FY24, with an additional $4.7 billion dedicated to the cheaper childcare reform which took effect in July 2023
+ Net Rent: $371,055 pa* + GST
 
For sale via Burgess Rawson Portfolio Auction #175
10:30am AEDT, Wednesday 26 March 2025
Crown Casino, Melbourne

*approx
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