Sold

100 Beveridge Street,
Swan Hill 3585, Victoria

1,137m² land size
505m² building size
Offices

$3,305,000


Property details

Impressive Childcare Investment

• New 15-year net lease to Montessori Beginnings to 2038.
• Three further 5-year options to 2053.
• Fixed 3% annual rent increases
• Strategic 1,276sqm commercial site opposite Woolworths in Swan Hill's CBD.
• New construction with significant deprecation benefits
• Net Income: $201,161 pa* + GST

• Montessori Beginnings: an experienced Victorian operator with 9 current centres plus 4 further locations opening soon.
• Tenant pays all usual outgoings.
• Impressive 72 LDC place centre incorporating completely refurbished character-filled cottage along with purpose-built extension.
• Situated within a significant education precinct (6 schools within a 1.6km radius).
• Swan Hill is an affordable family-oriented town with a median house price growth of 11.8% in the last 12 months.
• Child Care/Early Education is an essential service with both the Federal and State Governments allocating unprecedented funding to the sector. In the 2022-2023 period, the Federal Government is projected to contribute $10.7 billion in funding plus an additional $4.7 billion to deliver more affordable child care, which includes increasing the Child Care Subsidy (CCS) rates from July 2023. This reform aims to enhance the affordability of early education and care for approximately 96% of families with a child in care.^

For Sale by Investment Portfolio Auction:
10:30am AEST Wednesday 21 June 2023 at Crown Casino, Melbourne.

Agents in conjunction:
Ray White Swan Hill Burgess Rawson - Melbourne
Brian Wood: M: 0428 500 199 Natalie Couper: M: 0413856983
E: brian.wood@raywhite.com E: ncouper@burgessrawson.com.au

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.


Explore the area


School catchments

  • OneSchool Global Vic - Swan Hill Centre Combined Independent 1.2km
  • Swan Hill North Primary School Primary Prep-6 Government 1.3km
  • St Mary's School Primary Prep-6 Catholic 1.5km
  • Swan Hill Primary School Primary Prep-6 Government 1.6km
  • Swan Hill Christian School Primary Prep-6 Independent 4.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


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