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59-65 Wood Street, PRESTON VIC, 3072

Sold
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Property Sold in 59-65 Wood Street, PRESTON VIC, 3072

Listing ID:
11345699
Status:
Sold
Last Updated:
20/06/2019
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Property Type

Medical/Consulting/Other
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Land Area

1663 SQM
Icon size

Floor Area

605 SQM
Icon parking

Parking

N/A

Affordable Child Care Centre Investment with Huge Upside

Savills is delighted to offer for sale 59-65 Wood Street, Preston. This high quality child care centre represents an unprecedented opportunity to secure a premium investment with significant future upside.

The key attributes of the property include:
- A prominent child care centre investment
- Centre operated by ASX-listed G8 Education Ltd
- Secure 25 year lease to 2030 with fixed 4% annual rental growth (no options)
- Current Net Rental: $116,555pa* + Outgoings (including Land Tax) and GST
- Very conservative rental rate with huge future rental and value upside
- Prime triple fronted corner landholding of 1,663sq m*
- An outstanding Preston location neighbouring Northland Shopping Centre
- A plethora of primary schools in the immediate catchment including Preston North East Primary School, Preston Primary School and more

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

Mark Stafford - 0404 401 053
Jesse Radisich - 0402 085 702
Glenn Ye - 0476 938 888

*Approx

For more details, please email agent

Savills Melbourne

Level 29, South Tower, 80 Collins Street, , Melbourne, VIC 3000


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