3 Flockhart Street, Abbotsford, VIC 3067

Medical | Offices

For Sale

  • Property ID: 444749
  • Floor Area: 1709m²
  • Occupancy: Tenanted
DOMINANT CHILDCARE INVESTMENT IN HIGHLY POPULATED CITY FRINGE LOCATION

Vinci Carbone in conjunction with Burgess Rawson are pleased to offer to the market, Guardian Early Learning Centre located in Abbotsford.

The property has the following investment highlights:

15-year net lease to Guardian Early Learning to 2032.
One further 10-year option to 2042.
Guardian Childcare: leading national early education provider, educating more than 15,000 children per day across 174 locations.
Attractive 4% annual rent increases, ensuring future rental growth.
Tenant pays all usual outgoings.
Established and successful childcare centre licensed for 120 LDC places.
Conveniently located within walking distance to Victoria Gardens Shopping Centre underpinned by Coles, Ikea, Kmart, and numerous other national retailers.
Strategically positioned in the heart of a bustling urban centre, this location adjoins neighbouring blue-ribbon suburbs while providing convenient access to various transportation networks. Situated mere meters away from both train and tram options as well as Hoddle Street, providing ease of connectivity to the city.
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 dedicated 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: $606,616 pa* plus GST. (As at 1 July 2024)


*Approx

Abbotsford Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $6106 $316 5.18%
Retail $7878 $322 4.08%
Industrial $5996 $190 3.17%
This is the average advertised price, rent and yield for Abbotsford, VIC 3067*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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