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Childcare Investment in Highly Coveted Location

181 Grange Road, GLEN HUNTLY VIC, 3163

Sold

Property Sold in 181 Grange Road, GLEN HUNTLY VIC, 3163

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11287234
Status:
Sold
Price:
Price on Request
Last Updated:
15/07/2019
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Property Type

Medical/Consulting/Other/Retail
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Land Area

920 SQM
Icon size

Floor Area

615 SQM
Icon parking

Parking

N/A

Childcare Investment in Highly Coveted Location

New 15 year lease to Buddies Early Learning to 2033
Three generous 10 year options to 2063
Buddies Early Learning: highly successful early education childcare provider with 20+ years industry experience
Previous owner of the “Kinder Haven” brand, acquired by G8 Education in 2012 and now with 17 centres nationally
Fixed 3% rental increases with market review at option
Tenant pays all usual outgoings
Architecturally designed 615 sqm child care dual level facility with service approval for 84 LDC places plus basement parking for 16 cars
Strategic 920 sqm site adjoining Glenhuntly Primary School – top 10 Victorian Primary School
Conveniently located 500 metres from the Glenhuntly Road retail precinct and only 11km from the Melbourne CBD
Net Income: $395,065 pa

Auction 11am AEDT Wednesday 28 March 2018
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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