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247 New Street BRIGHTON, VIC 3186

RARE BAYSIDE CHILDCARE TROPHY INVESTMENT – LEASED TO 2049, 3% INCREASES, HIGHLY EXPERIENCED TENANT

Expression of Interest - close on 29th Feb 4pm

ASL Real Estate have the distinct privilege to be the exclusive selling agents to be taking to market For Sale, 247 New Street, Brighton. This once-in-a-generation childcare freehold investment located in the heart of Brighton, a premium blue-chip postcode, is surrounded by schools, historical landmarks and at the entrance of the bustling Church Street retail strip – this would have to be the trophy childcare investment for the astute investor.

> Licensed for 64 places, a classical period styled centre, featuring top quality fit out and premium fittings and fixtures
> Leased to private multi-centre operator with extensive industry experience with two popular centres in Brighton as well as centres across Melbourne
> Rent: $326,397 per annum plus GST
> 10-year term commencing 21 June 2019 with 2 further terms of 10 years
> 3% fixed annual increases, market reviews on commencement of further terms
> Security Deposit of 3 months’ rent plus GST and personal guarantor provided by the tenant
> High exposure location along New Street seeing approx. 10,400 commuters passing the centre daily
> Excellent positioning in highly sought-after blue-chip suburb of Brighton, close to premium beaches, prestigious schools and high-end retailers
> 200m from Dendy Plaza Shopping Mall and associated Church Street shopping precinct with more than 200 retailers including Coles, Woolworths, Palace Cinemas and more
> Brighton Grammer, Firbank Grammer School and Brighton Primary School all within 1km from the centre with approx. 3,000 students between them
> Land Size: 1,031 square metres (approx.)

Expression of Interest closing 29th Feb 2024 at 4.00pm unless sold prior

Please contact Jared Cartoon on 0499 555 101 or jared@aslre.com.au to receive a detailed Information Memorandum and Contract of Sale & Vendor Statement.

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ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.

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Property Features
  • Childcare
  • Land is 1,031 m²
  • Floor Area is 1 m²
Commercial Features
Highlight 1

Highly desirable bayside location

Highlight 2

Experienced multi-centre tenant

Highlight 3

3% fixed increases, leased to 2049

Inspection Times

No inspections are scheduled at this time.

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