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200 Smith Street Thornbury, VIC 3071

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200 Smith Street,
Thornbury, VIC 3071

Development Sites & Land • Shops & Retail

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Prime Child Care Investment

  • Secure long term lease
  • Leased to national operator
  • Significant rental upside
Savills is delighted to offer for sale Smith Street Early Learning Centre, representing an ideal investment opportunity located at 200 Smith Street, Thornbury.

This fantastic centre is offered with a secure long-term lease to national operator, Guardian Early Learning Group.

The key attributes of the property include:

- Leased to Guardian Early Learning Group, a national operator with more than 90+ centres
- 10 year lease expiring 2022 with options
- Current Net Rental of $71,461 per annum* with huge upside at market review May-2016
- Modern centre licensed for 56 places with application pending for additional places
- Valuable land holding of 1,190sq m*
- Located in a significant residential catchment area
- Terms: 10% deposit, balance 30-60 days

The opportunity to secure a high quality centre, surrounded by a substantial and growing residential population is sure to be highly sought after, especially when you consider the pending permit and upcoming market rental review.

200 Smith Street, Thornbury is For Sale by Auction Thursday 10 September at 1pm on-site.

For further information please contact:

Julian Heatherich 0412 995 655
Tim McIntosh 0433 592 320

Additional information

Property ID: 501654745Last Updated: 24 Nov 2016

03 8686 80...
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200 Smith Street
Thornbury, VIC 3071

Detailed listing

Savills - Melbourne
Level 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
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