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1692 Princes Highway
Clayton VIC 3168
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Sold on 5 Sep 2016

1692 Princes Highway Clayton VIC 3168

  • Shop & Retail
  • Sold

Not just for Baby Boomers...... shrewd investors also.

Securely leased Nido Early School Childcare Centre www.nido.com.au on Highway #1, within the catchment of Monash University and Medical Centre.

Prominent Location: Situated at the corner of Kennaugh Street

Modern & versatile: 2401m2 gba, forming part of the Home Ideas Centre. Single level concrete panel showroom warehouse with ample on site at grade parking.

Long term Lease: 10 years from 01.07/2014, currently returning $192,000 true net per annum with annual escalations and three further terms each of 10 years.

Potential whichever way you view this offering:

a) Existing use- the current rent annual equates to $960/child, when compared to $2,200/child throughout the industry.

b) Alternate use- showroom & distribution centre with ample on site A grade parking.

For Sale by Expression of interest closing August 2 at 4:00 p.m

Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations

Simon Regan : 0412 059 900

Property Highlights

Date Sold5 Sep 2016
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2012887216
Category
Last updated  5 Sep 2016
Map for 1692 Princes Highway Clayton VIC 3168

Property Highlights

Date Sold5 Sep 2016
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2012887216
Category
Last updated  5 Sep 2016
Level 1, 68 Clarke St South Melbourne VIC 3205

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