Guardian Childcare, 349 High Street,
Prahran, VIC 3181
Medical & Consulting • Shops & Retail • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Guardian Childcare, 349 High Street
Prahran, VIC 3181
Map of Guardian Childcare, 349 High Street
Blue Chip Childcare Investment | Rare Triple Net Lease to 2032
- Sought-after triple net lease
- Annual CPI reviews + ratchet provisions
- 100% occupancy + long waitlist
Burgess Rawson is pleased to offer to the market, 349 High Street, Prahran VIC for sale via our Auction Investment Portfolio 157.
This investment has the following key investment highlights:
+Secure triple net lease to Guardian Childcare to 2032.
+Tenant has exercised 5-year option to 2032 in advance.
+Guardian Childcare: leading national early education provider, educating more than 10,000 children per day across over 135 locations.
+Annual CPI reviews with ‘ratchet provisions’ at market review, ensuring rent cannot reduce.
+Strong trading business with 100% occupancy & long waitlist.
+Tenant pays 100% of outgoings including: all maintenance (capex & structural), rates, land tax (single holding), insurance and management fees.
+Well-maintained childcare centre licensed for 42 LDC places.
+Rated ‘Exceeding’ under the National Quality Standards (NQS)
+High profile 686sqm* main road corner site with frontages to Lewisham Road North and High Street, with exposure to 18,000+ passing vehicles daily.
+Situated amongst significant educational precinct – 10 schools within 1.5 kilometre radius
+Conveniently located amongst one of Melbourne’s most iconic metropolitan retail precincts, fronting the well-regarded High Street, and within metres from Chapel Street, providing access to a range of fashion, dining, lifestyle and entertainment options.
+Prahran: highly desirable and sought-after south-eastern suburb with a median house price of $1.8 million.
+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In 2021-22, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year*
+Net Income: $102,043 pa + GST.
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 7 December 2022
Crown Casino - River Room
This investment has the following key investment highlights:
+Secure triple net lease to Guardian Childcare to 2032.
+Tenant has exercised 5-year option to 2032 in advance.
+Guardian Childcare: leading national early education provider, educating more than 10,000 children per day across over 135 locations.
+Annual CPI reviews with ‘ratchet provisions’ at market review, ensuring rent cannot reduce.
+Strong trading business with 100% occupancy & long waitlist.
+Tenant pays 100% of outgoings including: all maintenance (capex & structural), rates, land tax (single holding), insurance and management fees.
+Well-maintained childcare centre licensed for 42 LDC places.
+Rated ‘Exceeding’ under the National Quality Standards (NQS)
+High profile 686sqm* main road corner site with frontages to Lewisham Road North and High Street, with exposure to 18,000+ passing vehicles daily.
+Situated amongst significant educational precinct – 10 schools within 1.5 kilometre radius
+Conveniently located amongst one of Melbourne’s most iconic metropolitan retail precincts, fronting the well-regarded High Street, and within metres from Chapel Street, providing access to a range of fashion, dining, lifestyle and entertainment options.
+Prahran: highly desirable and sought-after south-eastern suburb with a median house price of $1.8 million.
+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In 2021-22, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year*
+Net Income: $102,043 pa + GST.
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 7 December 2022
Crown Casino - River Room
Explore property virtually
Video
Property ID: 504199080Last Updated: 19 Jul 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
More properties from Burgess Rawson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Ganbare Kaz Kaiten Sushi, 151 Chapel Street & 16 Mechanics Lane,Windsor, VIC 3181 175 m²Shops & Retail • Offices • Medical & Consulting
Contact Agent
5 Commercial Road,South Yarra, VIC 3141 133 m²Shops & Retail • Medical & Consulting • Offices
Contact Agent
Zambrero, 374 Chapel Street,South Yarra, VIC 3141 203 m²Shops & Retail • Medical & Consulting • Offices