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Impressive Childcare Investment

1 The Crossing, CAROLINE SPRINGS VIC, 3023

Sold

Property Sold in 1 The Crossing, CAROLINE SPRINGS VIC, 3023

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11293768
Status:
Sold
Price:
Price on Request
Last Updated:
29/05/2020
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Property Type

Medical/Consulting/Retail/Other
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Land Area

2424 SQM
Icon size

Floor Area

717 SQM
Icon parking

Parking

N/A

Impressive Childcare Investment

Impressive and established childcare investments located in one of Melbourne's key growth locations
10 year leases to Little Flyers to September 2026
Four further five year options to September 2046
Desirable 3.75% fixed annual rent increases plus market reviews
Highly sought-after comprehensive Development Zone sites, providing significant future development opportunity and upside (STCA)
Little Flyers: a wholly owned subsidiary of the highly successful and well regarded Eltham College Foundation
Modern 717 sqm purpose-built child care facility licensed for 124 LDC places
Large 2,505 sqm dual street frontage Comprehensive Development Zone site, opposite high density mixed-use and residential developments
Strategic position within major educational and commercial precinct, opposite K-9 Creekside College and 350 metres from the Caroline Springs Town Centre
Net Income: $266,430 pa + GST and Outgoings

Auction 11am AEST Wednesday 9 May 2018
River Room, Crown Casino, Melbourne

Also available for sale:
9 Bulimba Drive, Doreen VIC
http://www.realcommercial.com.au/502775746

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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