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4 Watson Road, MOUNT MARTHA, VIC, 3934

2. Property Highlights

Trophy Bayside Childcare Investment
  • 10 + 10 + 10 year net lease to 2050
  • Desirable 3.5% annual rent increases
  • 1,040sqm site with two street frontages

+ Little Acorns: long established early education childcare provider with three Mornington Peninsula locations

+ Fixed 3.5% annual rent increases

+ Tenant pays all usual outgoings

+ Prime 1,040 sqm corner site accommodating a brand new multiple storey 706 sqm purpose built child care facility licensed for 80 LDC places

+ Prominent corner position directly opposite Mount Martha’s retail precinct and metres from esplanade and foreshore

+ Constructed by industry leading builder – LLOYD

+ Mount Martha: popular bayside suburb only 48 km from the Melbourne CBD

+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019/20 financial year

+ Significant depreciation benefits

+ Net Income: $306,305 pa + GST and outgoings

For Sale by Investment Portfolio Auction

11AM (AEDT) Wednesday 24 February 2021

Remember to mention you found this property on CommercialReady.com.au

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3. Property Location

4 Watson Road, MOUNT MARTHA, VIC, 3934

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4. Due Diligence

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