14-16 SIMLA STREET, MITCHAM
Savills is delighted to offer for sale this 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 ‘triple net lease’ structure – tenant pays all outgoings (except 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 205 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.
Child Care - 14-16 Simla Street, Mitcham is For Immediate Private Sale.