SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Long Established and Successful Childcare Investment

29 McCormicks Road, Carrum Downs VIC

Property Highlights

Renewed lease to 2022 + opts to 2052

Fixed 3% annual rent increases

Planning approval to expand to 86 plc

Description

Lease to Clever Kids to 2022 plus options to 2052
Long established and multi-centre childcare provider with high occupancy and a further centre in Doncaster East
Tenant pays all usual outgoings
Modern 450 sqm purpose-built child care facility licensed for 70 LDC places
Planning approval to expand to 86 places, with a pro rata rent increase
Fixed 3% annual rent increases and to market at option
Substantial 2,023 sqm main road site only 100 metres from the junction with Ballarto Road and the Coles-anchored Carrum Plaza
Strategic location servicing an established residential catchment along with the surrounding suburbs of Patterson Lakes and Skye
Net Income: $161,290 pa + GST and Outgoings

For Sale by Expressions of Interest
Closing 4pm Monday 25 June 2018 unless Sold Prior

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,023 SQM
Gross Building Area
450 SQM

Contact Agents

Adam Thomas

+610 418 998971

Natalie Couper

0413 856 983

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