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Affordable Child Care Investment Leased to Blue Chip Tenant

20 Reservoir Road, FRANKSTON VIC, 3199

Sold

Property Sold in 20 Reservoir Road, FRANKSTON VIC, 3199

Listing ID:
11358842
Status:
Sold
Price:
Immediate Private Sale
Last Updated:
12/12/2019
Icon building

Property Type

Medical/Consulting/Land/Development
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Land Area

2211 SQM
Icon size

Floor Area

380 SQM
Icon parking

Parking

N/A

Affordable Child Care Investment Leased to Blue Chip Tenant

Savills is delighted to offer for sale 20 Reservoir Road, Frankston. This high quality child care centre represents a premium opportunity to secure the ultimate investment with significant future upside.

The key attributes of the property include:
- Leased to Affinity Education Group with over 150 centres nationally
- Boutique child care centre licensed for 65 places
- Current net rental of $92,700 per annum*
- 5 year lease with options until December 2037
- Very conservative rental rate with fixed 3% increases
- Significant landholding of 2,211sq m*
- General Residential Zone
- Situated in prime suburban Frankston location with 12 Primary and Secondary schools within 2km*

The opportunity to secure such an affordable, high quality centre, securely leased to an established operator, and located within an established bayside suburb is extremely rare, and as such we strongly recommend this investment opportunity.

For Immediate Private Sale

For further information please contact:

Mark Stafford - 0404 401 053
Yvonne Zhou - 0415 100 831

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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