24 Azolla Avenue,
Werribee, VIC 3030

+ New 20 year Triple Net Lease to Imagine Childcare & Kindergarten to 2040
+ Two further 10 year options to 2060
+ Imagine Childcare & Kindergarten: long established and highly successful early education provider with 9 centres nationally
+ Triple Net Lease - tenant pays all outgoings including: maintenance (both capital and structural) insurances, rates, management fees and land tax (single holding basis)
+ Desirable 3% annual rent increases with ratchet provisions at market review, ensuring rental growth
+ Prominent 2,699 sqm site with street frontage of over 127 metres
+ Impressive brand new 825 sqm purpose built child care facility licensed for 112 LDC places
+ New construction with significant depreciation benefits
+ Ideally positioned within the Kings Leigh master-planned community, with direct access to Princes Freeway and proximity to both Werribee Town Centre and Train Station
+ Wyndham City: one of Australia’s largest growth areas, with forecast growth to 489,379 residents (81%increase) by 2041
+ Net Income: $334,320 + GST and Outgoings

Auction 10:30am AEST Wednesday 24 June 2020
River Room, Crown Casino, Melbourne

To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.