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189-195 Torquay Road, Grovedale, Vic 3216

189-195 Torquay Road, Grovedale, Vic 3216

Retail Medical/Consulting Other

  • Sold Contact Agent
  • Wed 18-Sep-19

Established & Affordable Childcare Investment

  • New 10 year net lease + opts to 2038
  • Fixed 3% annual rent increases
  • 3,023 sqm main road site

  • Land Area
  • 3023.00 m² (approx)
  • Floor Area
  • 1 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 22, 2020

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Natalie Couper, Burgess Rawson - Melbourne
Natalie Couper
Adam Thomas, Burgess Rawson - Melbourne
Adam Thomas

Established & Affordable Childcare Investment

+ 10 + 5 + 5 year net lease to 2038
+ Fixed 3% annual rent increases
+ Tenant pays all usual outgoings including management fees
+ Modern purpose-built child care facility licensed for 95 LDC places
+ Huge 3,023 sqm main road site metres from ALDI and only 7km south from the Geelong CBD
+ Greater Geelong: current resident population of 251,540 with forecast growth of 29% to 325,779 by 2036 (source: profile.id)
+ Net Income: $162,445 pa + GST and Outgoings (as at September 2019)

For Sale by Auction
11am Wednesday 18 September 2019
River Room, Crown Casino, Melbourne

189-195 Torquay Road, Grovedale, Vic 3216

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