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14-16 Simla Street Mitcham VIC 3132

  • Medical / Consulting
  • Floor Size1,495 m²
  • PriceFor Sale, For Immediate Private Sale

Brand New High-End Child Care Investment

  • Secure Long Term Lease
  • Significant Depreciation Benefits
  • High Yielding Investment Opportunity

Savills is delighted to offer for sale this brand new child care investment at 14-16 Simla Street, Mitcham. This property represents an incredible opportunity to secure a brand new, perfectly positioned child care centre within Melbournes eastern suburbs.

The key attributes of the property include:

- Brand new child care centre
- Purpose built centre with permit for 138 places
- Leased to experienced operator Gloryland Childcare & Kindergarten
- Directors have over 35 years experience in Singapore/Australia
- New 15 + 10 + 10 year lease
- Favourable lease structure, with tenant paying all outgoings including repairs/maintenance + building insurance (excl. land tax)
- Commencing net rent of $545,000pa* + Outgoings and GST
- Fixed rental growth of 3.5% per annum
- Secure lease structure with 6-month security deposit and personal guarantees
- Significant potential depreciation benefits
- Situated within the City of Whitehorse, one of Melbournes most highly sought after eastern suburb locations
- Mitcham is an undersupplied child care market with only 290* places and very little vacancy within the immediate area

The opportunity to secure such a high quality modern child care centre, securely leased to an experienced operator and located within one of Melbournes premium eastern suburban locations is extremely rare, and as such we strongly recommend this investment opportunity.

For Immediate Private Sale.

Jesse Radisich - 0402 085 702
Mark Stafford - 0404 401 053
Benson Zhou - 0458 488 888

*Approx

Supporting Documents

Supporting Document 1

Property Highlights

Property ID2014919173
Floor Area1,495 m²
Land AreaAsk Agent
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  16 Apr 2019
Map for 14-16 Simla Street Mitcham VIC 3132
Savills Melbourne
Level 48, 80 Collins Street Melbourne VIC 3000

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