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4-6 & 8-12 The Avenue, Narre Warren South, Vic 3805

4-6 & 8-12 The Avenue, Narre Warren South, Vic 3805

Offices Land/Development

  • Sold Contact Agent
  • Wed 19-Jul-17

Secure Childcare and Aquatic Centre Investments

  • Secure long-term income from YMCA
  • Located within major growth corridor
  • Available as a ‘whole’ or 'individually'

  • Land Area
  • 0.48ha (1.19 acres) (approx)
  • Floor Area
  • 571.0 m² - 1533.0 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Aug 19, 2017

Interested in this property? Contact an Agent today

Fitzroys - Melbourne

Level 29 367 Collins Street

Melbourne Vic 3000

Secure Childcare and Aquatic Centre Investments

Fitzroys is delighted to offer for sale these superb childcare and aquatic centre investments located at 4-6 & 8-12 The Avenue, Narre Warren South. Both properties are leased to a secure national not-for-profit organisation, YMCA.

The key attributes of the offering include:

- A rare opportunity to secure investments leased for 15 years to a NFP organisation
- Available as a ‘whole’ or 'individually'
- Combined Income of $422,275 p.a. approx
- Substantial CZ1 land holding of 4,798m2 (combined)
- Strategically located within the Casey growth corridor of Narre Warren South

A summary of the two investments as follows:

Aquatic Centre:
Leased to YMCA Aquatic Education Ltd
Lease profile 15 + 10 + 10 years from October 2011
Returning $276,721 p.a. approx. as at 1st October 2017
Site Area of 2,583m2
53 allocated on-site car spaces

Childcare Centre:
Leased to YMCA Aquatic Education Ltd
Lease profile 15 + 10 + 10 years from October 2011
Returning $145,554 p.a. approx. as at 1st October 2017
Site Area of 1,561m2
16 allocated on-site car spaces

For Sale by Expressions of Interest

4-6 & 8-12 The Avenue, Narre Warren South, Vic 3805

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