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Perfectly Positioned Bentleigh East Child Care Investment

359-361 Chesterville Road, BENTLEIGH EAST VIC, 3165

For Sale

Property for Sale in 359-361 Chesterville Road, BENTLEIGH EAST VIC, 3165

Listing ID:
11286027
Status:
Active
For:
Sale
Last Updated:
08/02/2019
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Property Type

Medical/Consulting/Retail
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Land Area

1184 SQM
Icon size

Floor Area

748 SQM
Icon parking

Parking

N/A

Perfectly Positioned Bentleigh East Child Care Investment

Savills is delighted to offer for sale 359-361 Chesterville Road, Bentleigh East. This centre represents the opportunity to secure state-of-the-art child care centre in a premier bayside location.

The centre is underpinned by a brand new long term lease owned and operated by one of Australia’s best child care groups, ASX listed ‘Think Child Care Ltd’.

The key attributes of the property include:

• First class child care investment adjoining Bentleigh Secondary College
• Secure 20 year lease with two further 10 year options
• Modern purpose-built centre of 82 places, with development approval to expand to 110 places
• Net rental of $328,000 pa* (tenant pays all usual outgoings including land tax)
• Total building area of 748sq m* (including basement)
• A significant landholding of 1,184sq m* ideally located in Melbourne’s highly sought after bayside region
• Surrounded by numerous premium education facilities including Bentleigh Secondary College, McKinnon Secondary College and four Primary Schools with 1.2kms*

The opportunity to secure such a high quality investment, securely leased to a high quality operator, and located within Melbourne’s premium south-eastern suburbs is extremely rare, and as such we strongly recommend this investment opportunity.

359-361 Chesterville Road, Bentleigh East is For Sale by Boardroom Auction on Friday 11 May at 11am.

For further information, please contact:

Julian Heatherich - 0412 995 655
Mark Stafford - 0404 401 053
Benson Zhou - 0458 488 888

*Approx

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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