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Little Flyers, 1 The Crossing Caroline Springs, VIC 3023

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Little Flyers, 1 The CrossingCaroline Springs, VIC 3023

Medical/Consulting • Retail • Other
Sold Price

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Land area

2424.0m²

Floor area

717.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

09 May 2018

Impressive Childcare Investment

  • Secure 10 yr lease + options to 2046
  • Fixed 3.75% pa rent increases
  • Comprehensive Development Zone

Impressive and established childcare investments located in one of Melbourne's key growth locations

10 year leases to Little Flyers to September 2026

Four further five year options to September 2046

Desirable 3.75% fixed annual rent increases plus market reviews

Highly sought-after comprehensive Development Zone sites, providing significant future development opportunity and upside (STCA)

Little Flyers: a wholly owned subsidiary of the highly successful and well regarded Eltham College Foundation

Modern 717 sqm purpose-built child care facility licensed for 124 LDC places

Large 2,505 sqm dual street frontage Comprehensive Development Zone site, opposite high density mixed-use and residential developments

Strategic position within major educational and commercial precinct, opposite K-9 Creekside College and 350 metres from the Caroline Springs Town Centre

Net Income: $266,430 pa + GST and Outgoings

Auction 11am AEST Wednesday 9 May 2018

River Room, Crown Casino, Melbourne

Also available for sale:

9 Bulimba Drive, Doreen VIC

http://www.realcommercial.com.au/502775746

Property ID: 502775750Last Updated: 15 Aug 2018

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Burgess Rawson - Melbourne
Little Flyers, 1 The Crossing Caroline Springs, VIC 3023

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,