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Exceptional Childcare Investment

44 Parkhill Drive, BERWICK VIC, 3806

Sold

Property Sold in 44 Parkhill Drive, BERWICK VIC, 3806

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11205272
Status:
Sold
Price:
Price on Request
Last Updated:
03/06/2020
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Property Type

Medical/Consulting/Retail
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Land Area

2874 SQM
Icon size

Floor Area

701 SQM
Icon parking

Parking

N/A

Exceptional Childcare Investment

Secure 10 year lease to G8 Education to 2024.
Three generous 10 year options to 2054.
G8 Education Ltd: largest ASX listed child care provider with over 450 centres nationally.
Annual rent reviews plus market reviews every five years.
Current rental significantly below market with substantial uplift expected at market review in July 2019.
Tenant pays all usual outgoings including land tax.
Immaculate 701 sqm facility, licensed for 120 places.
Large 2,874 sqm corner site with combined street frontage of over 115m.
Strategic location metres from both the Monash Freeway and the Princes Highway and 1.5km from Westfield Fountain Gate.
Net income: $186,203 pa.

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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