SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
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SOLD

Melbourne Metro Childcare Investment

117-121 Edwardes Street, Reservoir VIC

Property Highlights

15 Year Lease with options to 2051
Fixed 3% annual rent increases
3,550 sqm site earmarked for re-zone

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,550 SQM
Building Area
1,806 SQM

Contact Agents

Natalie Couper

+610 413 856983

Contact Me

Adam Thomas

0418 998 971

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