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322-328 High Street, Belmont, Vic 3216

322-328 High Street, Belmont, Vic 3216

Medical/Consulting Retail Other

  • Sold Contact Agent
  • Wed 23-Jun-21

Strong-Trading Childcare Investment plus Coffee Drive Thru

  • Two Established Tenants
  • Childcare - 100% occupancy
  • Large 4,449sqm highway site

  • Land Area
  • 0.44ha (1.10 acres) (approx)
  • Floor Area
  • 1 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jul 28, 2021

Additional Details


Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Strong-Trading Childcare Investment plus Coffee Drive Thru

Elements:
+ Secure 15 year net lease to 2029
+ Three further five year options to 2044
+ Elements Early Learning: local boutique provider with four established Surf Coast centres
+ Modern early learning child care facility licensed for 124 LDC places
+100% Occupancy with long wait list
+ Net Income: $324,453 pa + GST

Bean Squeeze:
+ Renewed 5 year lease to 2025
+ Five further five year options to 2050
+ Bean Squeeze: established 2006, with 10 stores in Greater Geelong
+ Net Income: $55,352 pa + GST

+ Tenants pay all usual outgoings
+ Substantial 4,449sqm highway site with future potential to sub-divide (STCA)
+ High profile location with 30,000+ vehicles passing daily, direct access to the Geelong Ring Road and only 5 kilometres from the Geelong CBD.
+ Positioned within close proximity to Waurn Ponds Shopping underpinned by Coles, Woolworths and 122 specialty stores, plus the Geelong Homemaker Centre including Bunnings and Harvey Norman
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and state Governments providing record funding

322-328 High Street, Belmont, Vic 3216

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