Savills is delighted to offer for sale this brand new child care investment at 14-16 Simla Street, Mitcham. This property represents an incredible opportunity to secure a brand new, perfectly positioned child care centre within Melbourne’s eastern suburbs.

The key attributes of the property include:

- Brand new child care centre
- Purpose built centre with permit for 138 places
- Leased to experienced operator ‘Gloryland Childcare & Kindergarten’
- Directors have over 35 years experience in Singapore/Australia
- New 15 + 10 + 10 year lease
- Favourable lease structure, with tenant paying all outgoings including repairs/maintenance + building insurance (excl. land tax)
- Commencing net rent of $545,000pa* + Outgoings and GST
- Fixed rental growth of 3.5% per annum
- Secure lease structure with 6-month security deposit and personal guarantees
- Significant potential depreciation benefits
- Situated within the City of Whitehorse, one of Melbourne’s most highly sought after eastern suburb locations
- Mitcham is an undersupplied child care market with only 290* places and very little vacancy within the immediate area

The opportunity to secure such a high quality modern child care centre, securely leased to an experienced operator and located within one of Melbourne’s premium eastern suburban locations is extremely rare, and as such we strongly recommend this investment opportunity.

SOLD

Benson Zhou - 0458 488 8...
Julian Heatherich - 0412 995 6...

*Approx