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MODERN CHILD CARE CENTRE WITH BRAND NEW LEASE TO ASX LIST...

4 Rutherford Road, TECOMA VIC, 3160

For Sale

Property for Sale in 4 Rutherford Road, TECOMA VIC, 3160

Listing ID:
11365133
Status:
Active
For:
Sale
Last Updated:
06/04/2020
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Property Type

Medical/Consulting/Other
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Land Area

2779 SQM
Icon size

Floor Area

550 SQM
Icon parking

Parking

N/A

MODERN CHILD CARE CENTRE WITH BRAND NEW LEASE TO ASX LISTED TENANT

Savills is delighted to offer for sale this incredible child care investment opportunity located at 4 Rutherford Road, Tecoma. This recently refurbished centre benefits from modern improvements and a favourable lease covenant to blue chip ASX listed tenant.

The key attributes of the outstanding investment opportunity include:
- Modern fully refurbished child care centre
- Leased to ASX listed operator - Mayfield Childcare Limited (21 centres state-wide)
- Brand new 10+10+10 year lease from May 2019
- Currently returning $273,000 per annum* + Outgoings & GST
- Fixed annual 3% rental increases
- Licensed for 78 places
- Substantial landholding of 2,779sq m*
- Located within an established residential neighbourhood
- Surrounded by a variety of further education facilities including Tecoma Primary, Upwey Primary School and Upwey High School

*Approx.

For Private Sale

For further information please contact:
Mark Stafford - 0404 401 053
Julian Heatherich - 0412 995 655

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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