New 10 year lease to Eclipse Early Education.
Two generous 10 year options to 2046.
Eclipse Early Education: successful childcare provider with 6 centres currently in operation (following the sale of 22 centres to G8 Education Ltd between 2012–2014), plus a further 17 facilities scheduled to be opened by end of 2016.
Fixed 3% annual rent increases / tenant pays all usual outgoings.
Brand new 647 sqm child care facility, licensed for 106 LDC places.
Prominent 2,398 sqm site with dual street frontage of over 122m.
Strategically located opposite Chemist Warehouse and the Woolworths anchored Avenue Village Shopping Centre.
Significant income tax saving depreciation benefits.
Cranbourne: booming metropolitan location within City of Casey, Victoria’s most populous council with a current population of 297,034 and forecast to grow to 492,497 (65%) by 2041.
Rent: $210,075 pa.

Auction 11am AEDT Wednesday 24 February.
River Room, Crown Casino Melbourne.