$8,628,000

Jones Real Estate is pleased to offer this outstanding commercial investment, securely leased for 15 years with 4% annual increases to a highly regarded essential service provider, in arguably Australia's most vibrant and sought after commercial, industrial and residential precincts!

For Sale via Public Auction at 2pm on Wednesday 23 June 2021.

Auction Venue: "Clubhouse Malvern" at 1290-1292 Malvern Rd, Malvern Vic 3144. Bidders must register with Jones Real Estate in order to attend.

The asset itself is primely positioned in South East Melbourne's booming residential, commercial and industrial precinct, at the entrance of CBUS' master planned Estate One Business Park which is anchored by major destination occupiers including; The Village Shopping Centre, Woolworths & BWS, Bunnings, Ceva Logistics, CFA, Carls Jr, Martin Brower, Garden City Plastics and General Motors Holden among many more.

Access to the site is seamless, given its proximity to major and essential arterial networks South Gippsland Freeway, Princess Highway, Monash Freeway (M1) & South Gippsland Highway/Westernport Hwy.

This blue-chip and quality passive investment's underlying land value and capital appreciation is undoubtedly secure, for the three decades of lease tenure and options remaining.

Key investment highlights of this remarkable investment include;

- Current passing rental of $405,600 per annum* plus GST & Outgoings

- 15-year initial lease with 2x 10-year optional terms

- Highly desirable 4% fixed annual increases

- Expansive land holding of 3,735sqm zoned Commercial 2

- Securely tenanted with head lease to prominent and highly successful early learning provider Kool Kidz (Hortis & Associates Pty Ltd), with 14 established sites throughout Victoria

- TLocation underpinned by the adjoining occupiers including The Village Shopping Centre, Woolworths, BWS, Bunnings, McDonalds, Carls Jr, General Motors Holden, Ceva Logistics, Martin Brower, Iveco Trucks, BP, CFA, Red Rooster, Atura Hotels and many more!

- Near new construction with significant depreciation benefits!

- 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 of $10.5 billion in the 2019/20 financial year

For Sale via Public Auction on Wednesday 23rd June 2021 at 2pm - to be held at "Clubhouse Malvern" 1290-1292 Malvern Rd, Malvern Vic 3144.

Bidders must RSVP to attend.