4 RUTHERFORD ROAD, MULGRAVE

EOI.jpg
 

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

*Approx.

4 Rutherford Road, Tecoma is For Sale by Expressions of Interest closing Wednesday 13 November at 2pm.

 

 

CONTACT AGENTS