Stunning Melbourne Metro Childcare Investment

391 murray road, preston vic

Price: On Request

  • New 15 Yr lease + options to 2053
  • Fixed 3% annual rent increases
  • High profile 1,441 sqm corner site

Property Details

New 15 year lease to Explorers Early Learning to 2033.
Two further ten year options to 2053.
Explorers Early Learning: long established and successful high-end childcare provider with a network of 13 centres across Victoria.
Fixed 3% annual rent increases and to market at option.
Tenant pays all outgoings excluding land tax.
Stunning 980 sqm double-storey child care facility licensed for 140 LDC places plus a 915 sqm basement with parking for 30 cars.
High profile 1,441 sqm corner site metres from Preston West Primary School and Preston Train Station.
Strategic capital growth location within Melbourne’s vibrant inner northern suburbs and only 9km from the CBD.
Significant income tax saving depreciation benefits.
Net Income: $419,104 pa + GST and outgoings.

Featured Details

Current Tenant Tenanted
Gross Building Area 915 sqm
Land Size 1,441 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002320

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E

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