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VIC: A Geelong childcare centre will be the latest in asset from the sector to be offered to commercial property investors

1Mo ago 0 Replies 34 Views
A Geelong childcare centre will be the latest in asset from the sector to be offered to commercial property investors at an in-room auction this month.
The Bell Post Hill property is one of three childcare centres offered at the auction on June 24.

The tenants have spent $300,000 upgrading the premises in 2020, and pay a net income of $358,275, plus GST.

Burgess Rawson director Raoul Holderhead said childcare would continue to ride the strength of the Federal Government’s recent support package.
“It’s arguably one of the best lists of childcare centres we’ve ever had, with three brand new offerings enjoying net 20-year leases, one in Epping with a 15-year lease and one in Geelong a new 14-year lease – buy, set and forget,” he said.

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