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Childcare Centre, 1 Niland Rise Templestowe, VIC 3106

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Childcare Centre, 1 Niland Rise,
Templestowe, VIC 3106

Shops & Retail • Medical & Consulting

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Long Established Childcare Centre

  • Triple Net Lease
  • Metro Melbourne Childcare Investment
  • National Operator
Fifteen (15) years to Imagine Applied Education Services Inc. to 15 May 2024.
Two (2) further terms of five (5) years, each with a five (5) year notice period.
Currently licensed for 60 LDC places but tenant has the right to reduce to 50 places. If the tenant exercises this right, the rent reduces proportionately.
Annual CPI reviews with a 2.5% minimum increase.
Next Market Review date is 15 May 2019, rent cannot reduce as a result of Market Review and is uncapped.
Tenant responsible for rates, insurance and repairs and maintenance (including structural), management fees and land tax (where applicable).
$93,102 pa (approx).

Unique Child care Portfolio Auction be held on Wednesday 25 June at 10:30am
Crown Conference Centre, 25 Whiteman Street, Southbank, Opposite Crown Towers

Interstate bidding available
Live webcast and registered interstate bidding by prior arrangement at the following locations:
Sydney: Mezzanine Level, 50 Margaret Street
Brisbane: Level 20, 307 Queen Street

Property ID: 501165019Last Updated: 15 Aug 2016

04189989...
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Childcare Centre, 1 Niland Rise
Templestowe, VIC 3106
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000

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