4 RUTHERFORD ROAD, MULGRAVE
Savills is delighted to offer for sale this incredible child care investment opportunity located at 4 Rutherford Road, Tecoma. This recently refurbished centre benefits from modern improvements and a favourable lease covenant to blue chip ASX listed tenant.
The key attributes of the outstanding investment opportunity include:
Modern fully refurbished child care centre
Leased to ASX listed operator - Mayfield Childcare Limited (21 centres state-wide)
Brand new 10+10+10 year lease from May 2019
Currently returning $273,000 per annum* + Outgoings & GST
Fixed annual 3% rental increases
Licensed for 78 places
Substantial landholding of 2,779sq m*
Located within an established residential neighbourhood
Surrounded by a variety of further education facilities including Tecoma Primary, Upwey Primary School and Upwey High School
4 Rutherford Road, Tecoma is For Sale by Expressions of Interest closing Wednesday 13 November at 2pm.