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Impressive Childcare Investment

9 Bulimba Drive, DOREEN VIC, 3754

Sold

Property Sold in 9 Bulimba Drive, DOREEN VIC, 3754

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11293769
Status:
Sold
Price:
Price on Request
Last Updated:
16/03/2020
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Property Type

Medical/Consulting/Retail/Other
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Land Area

2424 SQM
Icon size

Floor Area

839 SQM
Icon parking

Parking

N/A

Impressive Childcare Investment

Impressive and established childcare investments located in one of Melbourne's key growth locations
10 year leases to Little Flyers to September 2026
Four further five year options to September 2046
Desirable 3.75% fixed annual rent increases plus market reviews
Highly sought-after comprehensive Development Zone sites, providing significant future development opportunity and upside (STCA)
Little Flyers: a wholly owned subsidiary of the highly successful and well regarded Eltham College Foundation
Impressive 839 sqm purpose-built child care facility licensed for 126 LDC places
Large 2,424 sqm triple street frontage Comprehensive Development Zone site only 100 metres from the Laurimar Town Centre
Strategic location adjoining Laurimar Community Centre and opposite Laurimar P-6 Primary School (1,077 students currently enrolled)
Net Income: $266,430 pa + GST and Outgoings

Auction 11am AEST Wednesday 9 May 2018
River Room, Crown Casino, Melbourne

Also available for sale:
1 The Crossing, Caroline Springs VIC
http://www.realcommercial.com.au/502775750

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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