20 RESERVOIR ROAD, FRANKSTON
Savills is delighted to offer for sale 20 Reservoir Road, Frankston. This high quality child care centre represents a premium opportunity to secure the ultimate investment with significant future upside.
The key attributes of the property include:
Leased to Affinity Education Group with over 150 centres nationally
Boutique child care centre licensed for 65 places
Current net rental of $92,700 per annum*
5 year lease with options until December 2037
Very conservative rental rate with fixed 3% rental increases
Significant landholding of 2,211sq m*
General Residential Zone
Situated in prime suburban Frankston location with 12 Primary and Secondary schools within 2km*
For Immediate Private Sale
The opportunity to secure such an affordable, high quality centre, securely leased to an established operator, and located within an established bayside suburb is extremely rare, and as such we strongly recommend this investment opportunity.