Melbourne Metro Childcare Investment
117-121 Edwardes Street , Reservoir VIC
Property Highlights
Description
Secure 15 year lease to Amiga Montessori to 2031 plus two generous 10 year options.
Substantial 3,550 sqm site designated “High Priority Rezone” to either Residential or Mixed Use.
Impressive 1,806 sqm child care facility, licensed for 136 places.
Amiga Montessori: highly experienced and successful early education provider with 16 centres across Melbourne and Adelaide.
Fixed 3% annual rent increases plus market reviews.
Strategic location 600 metres from Reservoir Major Activity Centre and Train Station.
Reservoir: established and rapidly evolving inner metropolitan location only 11km north from the Melbourne CBD.
Substantial taxation saving depreciation benefits.
Net Income: $408,775 pa + GST and Outgoings.
For Sale by Expressions of Interest
Closing 4pm AEST Wednesday 16 May 2018
Property Details