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20 Reservoir Road
Frankston VIC 3199
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Sold on 26 Oct 2019

20 Reservoir Road Frankston VIC 3199

  • Medical / Consulting
  • 380 m²
  • Sold

Affordable Child Care Investment Leased to Blue Chip Tenant

  • Leased to Affinity Education
  • Boutique 65 Place Centre
  • Significant Residential Landholding

Savills is delighted to offer for sale 20 Reservoir Road, Frankston. This high quality child care centre represents a premium opportunity to secure the ultimate investment with significant future upside.

The key attributes of the property include:
- Leased to Affinity Education Group with over 150 centres nationally
- Boutique child care centre licensed for 65 places
- Current net rental of $92,700 per annum*
- 5 year lease with options until December 2037
- Very conservative rental rate with fixed 3% increases
- Significant landholding of 2,211sq m*
- General Residential Zone
- Situated in prime suburban Frankston location with 12 Primary and Secondary schools within 2km*

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

For Immediate Private Sale

For further information please contact:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888

Property Highlights

Date Sold26 Oct 2019
Floor Area380 m²
Land Area2,211 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2015535558
Category
Last updated  16 Jun 2021
Map for 20 Reservoir Road Frankston VIC 3199

Property Highlights

Date Sold26 Oct 2019
Floor Area380 m²
Land Area2,211 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2015535558
Category
Last updated  16 Jun 2021

Listed by

Savills Melbourne
Call
03 8686 8000

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