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Sold on 12 Jun 2019

59-65 Wood Street Preston VIC 3072

  • Medical / Consulting
  • Floor Size605 m²
  • PriceSold

Affordable Child Care Centre Investment with Huge Upside

  • Secure 25 year lease
  • Operated by G8 Education Ltd
  • Licensed 100 place centre

Savills is delighted to offer for sale 59-65 Wood Street, Preston. This high quality child care centre represents an unprecedented opportunity to secure a premium investment with significant future upside.

The key attributes of the property include:
- A prominent child care centre investment
- Centre operated by ASX-listed G8 Education Ltd
- Secure 25 year lease to 2030 with fixed 4% annual rental growth (no options)
- Current Net Rental: $116,555pa* + Outgoings (including Land Tax) and GST
- Very conservative rental rate with huge future rental and value upside
- Prime triple fronted corner landholding of 1,663sq m*
- An outstanding Preston location neighbouring Northland Shopping Centre
- A plethora of primary schools in the immediate catchment including Preston North East Primary School, Preston Primary School and more

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

Mark Stafford - 0404 401 053
Jesse Radisich - 0402 085 702
Glenn Ye - 0476 938 888

*Approx

Property Highlights

Property ID2015248430
Date Sold12 Jun 2019
Floor Area605 m²
Land Area1,663 m²
ParkingAsk Agent
Category
Last updated  12 Jun 2019
Map for 59-65 Wood Street Preston VIC 3072
Savills Melbourne
Level 48, 80 Collins Street Melbourne VIC 3000

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