269 Point Cook Road

Point Cook VIC 3030

Further enhancing the property's appeal is a highly sought after 15-year triple net lease to Australia's largest and well-known early learning operator, G8 Education. With $800m of market capitalisation and over 440 childcare centres nationwide in operation, this provides investors with the financial security lacking among a wide variety of assets in today's market.

+ Annual income of $373,286* + outgoings & GST with fixed 3% annual increases

+ Triple net lease with tenant paying all outgoings including land tax

+ Exceptional double storey centre comprising 617 sqm* plus premium playscape & well designed indoor play areas

+ Underlying land area of 1,546 sqm* with 20 at grade parking spaces and zoned General Residential

+ Leased to Greenwood Childcare subsidiary of ASX isted G8 education, an international ASX listed operator across 450+ centres nationally, market cap circa $850 million

+ 15-year lease term plus (3) further (5) five-year options to 2048

LOCATION

+ Point Cook has a high proportion of dual income families with families making up 53% of the overall population, supporting the need for local childcare services

+ Point Cook exhibits the second highest demand for childcare services in the region, highlighting the growing need for accessible and quality early childhood education and care

+ Meticulously maintained centre with notable CAPEX expenditure and a history of consistent occupancy significant depreciation benefits with strong underlying land value and growth

+ Highly accessible location via car and public transport services, positioned only 2.5km* to Aircraft train station and major arterials connecting to the Melbourne CBD and much more

+ Strong median house price suburb with 72% increase over the past 10 years

+ Surrounded by dense education amenity including Lumen Christi School, Alamanda K-9 College, Featherbrook College P-9, Stella Maris Catholic Primary, Point Cook Senior Secondary, Saltwater P-9 College, St Mary of the Cross Catholic Primary School, Homestead Senior Secondary, Point Cook College, Carranballac College & Seabrook Primary all within 2.5km*

+ Property is situated within a stone's throw of Sanctuary Lakes Shopping Centre, an indoor shopping centre servicing Point Cook and the wider City of Wyndham. The centre features major retailers such as Coles, Aldi, Kmart, Australia Post and Bendigo Bank

+ Quality retail and hospitality amenities within close proximity of Point Cook town centre containing two supermarkets, department store, post office, several banks, a food court, several full service restaurants and a wide range of specialty shops and services located in four precincts

+ Centre is embedded within a significant housing estate and golf course, Sanctuary Lakes Resort is a unique community within Victoria. One of the largest centrally administered sports, leisure and residential communities within the state, it features more than 2,800 lot owners with a population exceeding 7,000

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING Tuesday 5th December 2023 at 2:00pm (AEST)

For further information, contact the exclusive sales agents

Marcello Caspani-Muto
+61 417 065 777

Sandro Peluso
+61 418 389 757

Jimmy Tat
+61 439 399 118

*approx.