SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Global Giant Kumon Education Centre

10 Maksi Way, Cranbourne North VIC

Property Highlights

Modern 124 sqm corner premises

5 year lease plus options to 2028

3% annual increases

Description

5 year lease to January 2023 plus 5 year option to 2028.
Kumon Education, Established 1958 with 4.25 million student enrolments across 50 countries worldwide.
Tenant pays all outgoings.
2017 constructed 124 sqm premises with dual retail frontage commanding great street presence and exposure.
Positioned centrally within one of Melbourne’s most rapidly expanding corridors & surrounded by national tenants.
Ample car parking and excellent vehicle access with great street visibility.
Annual fixed 3% rent increases ensuring rental growth Targeted tenant specific demographic. Forecast age structure 5 to 9 (years) was 19,157 in 2011, set to grow to 29,607 by 2026.
Net Income: $29,870 pa + GST

Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Commercial
Gross Building Area
124 SQM

Contact Agents

Al Bogdani

0413 830 707

Shaun Venables

0411 860 865

Zomart He

0488 220 830

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