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Secure Your Future - 80 Place Childcare Centre - Leased to a National Tenant

For Sale
Features
  • Property type:
    Land Sites - Commercial
  • Tenancy type: Vacant
  • Land Area: 1579 square
Commercial Features
Zone

Residential Zone 2

OVERVIEW

10 year lease

2 options, 10 year x 10 year

Established business

Potential residential development site

Dual building centre first time offered for sale in a strong performing high income area

Business established for more than 16 years with a proven track record

Approved for 80-place childcare centre

Recently renovated buildings including stainless steel kitchen plus new addition to existing building

National Recognised Tenant “Sparrow Early Learning Centre”, experienced premium operators with more than 30 established centres

New 10-year lease as from 8th December 2017 with 2 options of 10 years x 10 years

Rent $250,000p.a. + GST + Outgoings

Fixed 3% annual rent increases

Land area: 1579m² approx.

Building area: 406m² approx.

Zoning: Residential Zone 2

Future development potential for residential townhouses (STCA)

Close proximity to Mount Waverley Secondary College and Mount Waverley West Primary Schoo

ENQUIRE ABOUT THIS PROPERTY
Contact Agent
Patrick Mammone
M0405 555 000
Epatrick@kblcommercial.com.au