Childcare Centre, 11-15 Apsley Street,
Strathfieldsaye, VIC 3551

Burgess Rawson is pleased to offer to the market, 11-15 Apsley Street, Strathfieldsaye (Bendigo) VIC, for sale via Portfolio Auction, to be held 10:30am (AEDT) Wednesday 30 October 2024, at Crown Casino, Melbourne.

+ Fifteen (15) year net lease to Brady Bunch Early Learning to November 2034
+ Three further Five (5) year options to 2049
+ Fixed 3% increases, ensuring rental growth
+ Tenant pays all usual outgoings as per the lease
+ Brady Bunch Early Learning: successful private operator with a network of seven centres, including three sister locations in the local 'Goldfields' area
+ Expansive 2,725* sqm site located ideally located only 60 metres from Strathfieldsaye shopping precinct, featuring SUPA IGA, Australia Post and a variety of speciality retailers
+ Strategic central location position perfect only 150 metres* between both Strathfieldsaye Primary School and St Francis of the Fields Primary School
+ As a new 833 sqm* building (constructed 2019) offering tax depreciation benefits.
+ Strong trading established centre licensed for 114 LDC places.
+ Town planning approval provided for 9 shops and 5 apartments adjoining the property (southside).
+ Bendigo City Council is currently undertaking a redevelopment of the Town Square adjacent to the Childcare centre (west side)
+ Strathfieldsaye: a rapid growth area of Bendigo, projected for 125% growth, with the population reaching 17,500+ by 2046 (1)
+ Net Income: $299,741 pa + GST* (As of November 2024)

To be sold via Investment Portfolio Auction #172
Wednesday 30 October 2024
10:30am (AEDT), River Room, Crown Casino, Melbourne


* Approximate
(1) Forecast.id.com.au