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Savills Melbourne - MELBOURNE
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59-65 Wood Street Preston, VIC 3072

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For Sale - Expression of Interest

59-65 Wood Street Preston, VIC 3072

Medical & Consulting • Other
Sale Price

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Land area

1663.0m²

Floor area

605.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Affordable Child Care Centre Investment with Huge Upside

  • Secure 25 year lease
  • Operated by G8 Education Ltd
  • Licensed 100 place centre
Savills is delighted to offer for sale 59-65 Wood Street, Preston. This high quality child care centre represents an unprecedented opportunity to secure a premium investment with significant future upside.

The key attributes of the property include:
- A prominent child care centre investment
- Centre operated by ASX-listed G8 Education Ltd
- Secure 25 year lease to 2030 with fixed 4% annual rental growth (no options)
- Current Net Rental: $116,555pa* + Outgoings (including Land Tax) and GST
- Very conservative rental rate with huge future rental and value upside
- Prime triple fronted corner landholding of 1,663sq m*
- An outstanding Preston location neighbouring Northland Shopping Centre
- A plethora of primary schools in the immediate catchment including Preston North East Primary School, Preston Primary School and more

The opportunity to secure such an affordable, high quality centre, securely leased to an established operator, and located within an established inner northern suburb is extremely rare, and as such we strongly recommend this investment opportunity.

59-65 Wood Street, Preston is For Sale by Expressions of Interest closing Wednesday 5 June at 2pm.

Mark Stafford - 0404 401 053
Jesse Radisich - 0402 085 702
Glenn Ye - 0476 938 888

*Approx

Additional information

Property ID: 503186830Last Updated: 22 May 2019

Savills Melbourne - MELBOURNE
59-65 Wood Street
Preston, VIC 3072
Mark Stafford
Jesse Radisich
Glenn Ye

Savills Melbourne - MELBOURNE

150 Collins Street
MELBOURNE, VIC 3000

Agency contacts

Savills Melbourne - MELBOURNE

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Savills Melbourne - MELBOURNE

150 Collins Street
MELBOURNE, VIC 3000
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Mark Stafford

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Mark Stafford
Savills Melbourne - MELBOURNE
59-65 Wood Street Preston, VIC 3072

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

Kind Regards,

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