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.
For more details, please email agent