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Highly Successful National Childcare Provider

14 Alpina Street, Frankston North VIC

Property Highlights

New 15 yr + 10 + 10 yr lease to 2051

National provider with 15 centres

Fixed 3% rent increases

Description

New 15 year lease to Amiga Montessori to 2031
Two generous 10 year options to 2051
Amiga Montessori: highly experienced and successful childcare provider with 15 centres currently and growing
New 759 sqm child care facility, licensed for 138 places
Prominent 3,126 sqm corner site with 30 car spaces
Fixed 3% annual rent increases / Tenant pays all usual outgoings
Strategically positioned adjoining new residential development, located 250 metres from Aldercourt Primary School and 700 metres from the junction with Frankston-Dandenong Road
Frankston City: located 40km south from Melbourne’s CBD and the gateway to the Mornington Peninsula
Net income: $317,825 pa + GST

Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,126 SQM
Gross Building Area
759 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

+610 413 856983

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