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Sold on 10 May 2018

720 High Street Kew East VIC 3102

  • Shop & Retail
  • 948 m²
  • Sold

State Of The Art Kew Childcare Investment

  • Premium Kew East Childcare Investment
  • Long Lease to National Tenant
  • Newly Re-Built Centre

Savills is delighted to offer for sale 720 High Street, Kew East. This state of the art, fully refurbished childcare centre presents immaculately throughout and represents an incredible opportunity to secure a perfectly positioned corner investment within one of Melbourne's most desirable suburban locations.

The key attributes of the property include:

* Just completed, fully refurbished state of the art childcare centre
* Leased to high quality national operator Guardian Early Learning (100+ centres nationally)
* New 20+10+10 year lease from September 2015
* Current Net Rental: $339,692 per annum* + Outgoings & GST
* Highly secure lease with fixed rental growth and 17 month security deposit
* Currently permitted for 68 places, with tenant to apply to increase to 77 places (and rent to increase accordingly)
* Huge tenant capital investment showing long-term commitment to the location
* Highly valuable corner landholding of 775sq m*
* 12 on-site car spaces
* An outstanding Kew East location in close proximity to Harp Village, Kew East Primary School, St Anne's Catholic Primary School, Kew East High School and more

The opportunity to secure such a high quality modern childcare centre, securely leased to a national operator and located within one of Melbourne's premium suburban locations is extremely rare, and as such we strongly recommend this investment opportunity.

EOI Closed - Offers Under Review

For further information, please contact:

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

* Approx.

Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Julian Heatherich
Savills Melbourne
Julian Heatherich
Savills Melbourne

Property Highlights

Property ID2014306666
Date Sold10 May 2018
Floor Area948 m²
Land Area775 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  15 Jun 2021
Map for 720 High Street Kew East VIC 3102
Map for 720 High Street Kew East VIC 3102720 High Street Kew East VIC 3102
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Julian Heatherich
Savills Melbourne
Julian Heatherich
Savills Melbourne

Property Highlights

Property ID2014306666
Date Sold10 May 2018
Floor Area948 m²
Land Area775 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  15 Jun 2021
Savills Melbourne
Level 29, South Tower, 80 Collins Street, Melbourne VIC 3000
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Julian Heatherich
Savills Melbourne
Julian Heatherich
Savills Melbourne
Nick Peden

Nick Peden

Savills Melbourne

Julian Heatherich

Julian Heatherich

Savills Melbourne

0402 *** ***
0402 011 266

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