SOLD

New 20 + 10 + 10 year lease to 2056
Managed by Think Childcare Ltd: ASX listed childcare provider with 50 owned and managed centres
Extensively refurbished child care facility, licensed for 91 places
Long established centre with recent $550,000 upgrade including quality hardwood flooring and external play scapes
Tenant paying all usual outgoings
High profile 1,528 sqm corner site with over 77 metre street frontage
Situated within complimentary educational precinct including Peter Lalor College, International School and specialist education facilities
Prominent main road position, 150 metres from Lalor train station and 700 metres from both Coles and Woolworths
Strategic capital growth location within Melbourne’s established and evolving northern suburbs and only 18km from the CBD
Attractive taxation depreciation benefits
Net Income: $284,586 pa

Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne