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9 Winnima Avenue 3,552 SF Retail Building Hampton Park, VIC 3976 For Sale
Investment Highlights
- New 10-year net lease to Eunoia Education Pty Ltd, expiring in 2035 with a 10-year option to 2045.
- Current net income of $192,541 per annum plus GST, with tenant paying all usual outgoings (excluding land tax).
- Located in Hampton Park, a high-growth suburb within the City of Casey, forecasted for significant population expansion.
- Fixed annual rent increases of 3.5% ensure predictable income growth.
- Purpose-built childcare facility with six activity rooms, staff amenities, and a rear play yard.
Executive Summary
This high-yielding childcare investment offers a secure, long-term income stream in the rapidly growing Hampton Park precinct. The property is leased to Eunoia Education Pty Ltd, a trusted childcare operator, under a new 10-year net lease expiring in 2035, with a further 10-year option extending to 2045. The lease includes fixed annual rent increases of 3.5%, providing consistent income growth. Current net income is $192,541 per annum plus GST, with the tenant responsible for all usual outgoings (excluding land tax), ensuring minimal landlord expenses.
The facility accommodates 54 licensed places and features six activity playrooms, staff and visitor amenities, and a rear play yard. Significant depreciation benefits enhance the investment appeal. Positioned on a 1,120 sqm* landholding with a 330 sqm* building, the property is located near Hampton Park Shopping Centre, schools, and lifestyle amenities. The surrounding area demonstrates strong childcare demand, supported by a growing population within the City of Casey, forecasted to reach 614,000 residents by 2046.
This asset combines a secure lease covenant, strong rental growth, and a strategic location in a high-demand corridor, making it an attractive addition to any investment portfolio.
The facility accommodates 54 licensed places and features six activity playrooms, staff and visitor amenities, and a rear play yard. Significant depreciation benefits enhance the investment appeal. Positioned on a 1,120 sqm* landholding with a 330 sqm* building, the property is located near Hampton Park Shopping Centre, schools, and lifestyle amenities. The surrounding area demonstrates strong childcare demand, supported by a growing population within the City of Casey, forecasted to reach 614,000 residents by 2046.
This asset combines a secure lease covenant, strong rental growth, and a strategic location in a high-demand corridor, making it an attractive addition to any investment portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
3,552 SF
Building Class
C
Year Built
2017
NOI
$132,778
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.28 AC
Parking
10 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
33’ on Winnima Avenue
Amenities
- Signage
- Storage Space
- Recessed Lighting
- Air Conditioning
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9 Winnima Avenue
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