Added 1 day ago
26 Riverview Drive,
Kialla, VIC 3631
Medical & Consulting • Shops & Retail
Added 1 day ago
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Sale - Auction Tue 29 Oct
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
26 Riverview Drive
Kialla, VIC 3631
Map of 26 Riverview Drive
Train stations within 5 km of 26 Riverview Drive, Kialla, VIC 3631 Distance Mooroopna Station Mooroopna 3 km Shepparton Station 3.1 km POWERED BY HERE ©Bus stops within 5 km of 26 Riverview Drive, Kialla, VIC 3631 Distance Riverside Plaza/Goulburn Valley Hwy (Shepparton) 304 m Midstar CR STH/Goulburn Valley Hwy (Shepparton) 498 m Taig Ave/Goulburn Valley Hwy (Shepparton) 536 m 7944 Goulburn Valley Hwy 844 m 9 Gordon Dr 924 m POWERED BY HERE ©
POWERED BY HERE ©
Strategic Childcare Investment Adjacent to Shopping Centre
- Highly reputable & successful operator
- Below market rent, next review 2027
- Large 3,307sqm* site next to Coles
Burgess Rawson is pleased to offer to the market, 26 Riverview Drive, Kialla (Shepparton) VIC, for sale via Portfolio Auction, to be held 10:30am (AEST) Wednesday 30 October 2024, at Crown Casino, Melbourne.
This opportunity has the following key investment highlights:
+ 10-year net lease to 2027 leased to Inspira Kids
+ A further 10-year options to 2037
+ Inspira Kids: A premium early childhood education provider with five centres across Australia and affiliations in China and Singapore, delivering high-quality early learning programs.
+ Fixed 3% Annual Rent Increases, ensuring rental growth.
+ Tenant pays all usual outgoings.
+ Current rental sitting below market value ($2,500 per/place), with market review due in 2027.
+ As new building offering significant tax depreciation benefits.
+ Well-established 122-LDC place facility with strong trading history and a long waitlist reflecting robust demand in this location.
+ Expansive 3,307 sqm site adjoining Riverside Plaza a major retail hub and home to leading national retailers including Coles, KFC, Harvey Norman, Chemist Warehouse, and 28+ specialty stores, providing excellent exposure and foot traffic.
+ Ideally located within a 3km radius of fours schools including the notable Kialla West Primary School and Kialla Central School.
+ Conveniently positioned with direct access to the Goulburn Valley Highway, servicing 25,000+ vehicles daily, providing seamless connectivity to Shepparton's major transport routes and town centre.**
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the federal government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion to the Cheaper Childcare Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^.
+ Net Income: $305,458 pa + GST*
To be sold via Investment Portfolio Auction #172
Wednesday 30 October 2024
10:30am (AEDT), Crown Casino, Melbourne
*approx
**Gapmaps
This opportunity has the following key investment highlights:
+ 10-year net lease to 2027 leased to Inspira Kids
+ A further 10-year options to 2037
+ Inspira Kids: A premium early childhood education provider with five centres across Australia and affiliations in China and Singapore, delivering high-quality early learning programs.
+ Fixed 3% Annual Rent Increases, ensuring rental growth.
+ Tenant pays all usual outgoings.
+ Current rental sitting below market value ($2,500 per/place), with market review due in 2027.
+ As new building offering significant tax depreciation benefits.
+ Well-established 122-LDC place facility with strong trading history and a long waitlist reflecting robust demand in this location.
+ Expansive 3,307 sqm site adjoining Riverside Plaza a major retail hub and home to leading national retailers including Coles, KFC, Harvey Norman, Chemist Warehouse, and 28+ specialty stores, providing excellent exposure and foot traffic.
+ Ideally located within a 3km radius of fours schools including the notable Kialla West Primary School and Kialla Central School.
+ Conveniently positioned with direct access to the Goulburn Valley Highway, servicing 25,000+ vehicles daily, providing seamless connectivity to Shepparton's major transport routes and town centre.**
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the federal government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion to the Cheaper Childcare Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^.
+ Net Income: $305,458 pa + GST*
To be sold via Investment Portfolio Auction #172
Wednesday 30 October 2024
10:30am (AEDT), Crown Casino, Melbourne
*approx
**Gapmaps
Property ID: 504698548Last Updated: 26 Sep 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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