Stonebridge Property Group, as part of Victoria's Premier Childcare Portfolio, is pleased to present Grow Early Education Heathmont (203-205 Canterbury Road, Heathmont) for sale via Expressions of Interest closing Thursday 24 October 2024 at 3pm (AEDT).

The key highlights of the opportunity include:

• New 20 year net lease to 2043 plus options to 2053 with annual rent increases being the greater of CPI or 3%
• Grow Early Education – a subsidiary of Imagine Childcare, a national operator with 19+ centres and 25+ years of trading history
• Significant 2,973 sqm* site with 75 m* combined street frontage, dual street access and 30 on-title car parks
• Brand new premium 139 LDC place childcare centre (completed in 2023) offering huge depreciation benefits
• Strategic childcare location with 12 schools within 2 km* and exposure to 36,000*+ vehicles daily
• Net Lease Structure – Tenant pays all usual outgoings including Rates, Insurance, Land Tax and Repairs & Maintenance
• Providing net income of $700,000 pa* + GST

To obtain further information, or arrange an inspection please contact the exclusive selling agents, Stonebridge Property Group.