Sold
OVERVIEW
10 year lease
2 options, 10 year x 10 year
Established business
Potential residential development site
Dual building centre first time offered for sale in a strong performing high income area
Business established for more than 16 years with a proven track record
Approved for 80-place childcare centre
Recently renovated buildings including stainless steel kitchen plus new addition to existing building
National Recognised Tenant “Sparrow Early Learning Centre”, experienced premium operators with more than 30 established centres
New 10-year lease as from 8th December 2017 with 2 options of 10 years x 10 years
Rent $250,000p.a. + GST + Outgoings
Fixed 3% annual rent increases
Land area: 1579m² approx.
Building area: 406m² approx.
Zoning: Residential Zone 2
Future development potential for residential townhouses (STCA)
Close proximity to Mount Waverley Secondary College and Mount Waverley West Primary Schoo
ENQUIRE ABOUT THIS PROPERTYContact Agent
George Kiper
M0418 326 190
Egeorge@kblcommercial.com.au