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Childcare, 29 McCormicks Road Carrum Downs, VIC 3201

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Childcare, 29 McCormicks Road Carrum Downs, VIC 3201

Medical & Consulting • Shop & Retail • Other
Sold Price

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Land area

2023.0m²

Floor area

450.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

04 Jul 2018

Long Established and Successful Childcare Investment

  • Renewed lease to 2022 + opts to 2052
  • Fixed 3% annual rent increases
  • Planning approval to expand to 86 plc

Lease to Clever Kids to 2022 plus options to 2052

Long established and multi-centre childcare provider with high occupancy and a further centre in Doncaster East

Tenant pays all usual outgoings

Modern 450 sqm purpose-built child care facility licensed for 70 LDC places

Planning approval to expand to 86 places, with a pro rata rent increase

Fixed 3% annual rent increases and to market at option

Substantial 2,023 sqm main road site only 100 metres from the junction with Ballarto Road and the Coles-anchored Carrum Plaza

Strategic location servicing an established residential catchment along with the surrounding suburbs of Patterson Lakes and Skye

Net Income: $161,290 pa + GST and Outgoings

For Sale by Expressions of Interest

Closing 4pm Monday 25 June 2018 unless Sold Prior

Property ID: 502828730Last Updated: 23 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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Natalie Couper
Burgess Rawson - Melbourne
Childcare, 29 McCormicks Road Carrum Downs, VIC 3201

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

Kind Regards,

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