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14 Garry Dr 8,224 SF Retail Building Tarneit, VIC 3029 For Sale
Investment Highlights
- Secured by a national childcare operator on an initial 15-year net lease with a 15-year renewal option.
- Licensed to accommodate 120 children within a modern, single-level facility.
- Prominent 2,499 sqm corner site with triple street frontage in a fast-growing residential catchment.
- Generates approximately $439,897.95 in net annual income with fixed 4% yearly increases.
- Constructed in 2019, the building features substantial depreciation benefits for investors.
Executive Summary
14 Garry Drive offers a rare opportunity to secure a long-term childcare investment within Melbourne’s thriving western growth corridor. The property is leased to Amiga Montessori under an initial 15-year agreement, providing immediate income stability backed by a respected national operator. With fixed annual rental increases of 4% and a net income of approximately $439,897.95 per annum, this investment delivers strong cash flow certainty for the long term.
The asset is purpose-built and licensed for 120 children, featuring modern construction completed in 2019 and a substantial building footprint on a 2,499 sqm corner site. High ceilings allow for natural light throughout, creating a functional and welcoming environment. Benefiting from a catchment that is experiencing strong family population growth, this property is strategically positioned to capitalize on sustained demand for quality early learning facilities. The combination of resilient tenancy, strong demographics, and long lease tenure ensures significant value and security for savvy investors.
The asset is purpose-built and licensed for 120 children, featuring modern construction completed in 2019 and a substantial building footprint on a 2,499 sqm corner site. High ceilings allow for natural light throughout, creating a functional and welcoming environment. Benefiting from a catchment that is experiencing strong family population growth, this property is strategically positioned to capitalize on sustained demand for quality early learning facilities. The combination of resilient tenancy, strong demographics, and long lease tenure ensures significant value and security for savvy investors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
8,224 SF
Building Class
C
NOI
$313,805
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.62 AC
Parking
21 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
345’ on Adrian Circuit
Amenities
- Corner Lot
- Signage
- Recessed Lighting
- Air Conditioning
- Smoke Detector
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14 Garry Dr
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