189 St Helena Road Greensborough VIC 3088

Other
Sold

Premium Metro Investment With New 15 Year Lease on Over an Acre of Land

Irreplaceable Land Holding of 4,224sqm*
State Of The Art Childcare Centre
High Demand Location For Services

Fitzroys and CBRE are delighted to offer for sale 189 St Helena Road, Greensborough. This immaculately presented, brand new, childcare centre investment on a substantial landholding offers significant upside inclusive of strong future growth, local development and depreciation benefits.

Key attributes of this exceptional property include:

- New 15 year lease plus options to long established, proven childcare operator
- Returning $432,000 per annum plus GST
- Fixed annual rental increases
- Tenant pays all outgoings including Land Tax
- Architecturally designed, purpose built facility of 1,891sqm*
- 27 on site car parks
- Generous land area of 4,224 sqm*
- Estimated tax depreciation benefits of $800,000 in the first 5 years
- High demand location for childcare services
- Convenient access to Greensborough Plaza Shopping Centre, Greensborough Railway Station and bus services
- Surrounded by ten public and private schools
- Proven growth location with median house prices having increased enormously in the past 5 years = strong capital growth in your investment
- The location is forecast to further benefit from the North East link project

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING FRIDAY 26th OCTOBER AT 2.30PM

*approx.