59-65 WOOD STREET, PRESTON
Savills is delighted to offer for sale 59-65 Wood Street, Preston. This high quality child care centre represents an unprecedented opportunity to secure a premium investment with significant future upside.
The key attributes of the property include:
Prominent and modern child care centre
Centre operated by ASX-listed G8 Education Ltd
Secure 25 year lease to 2030 with fixed 4% annual rental growth (no options)
Current Net Rental: $116,555pa* + Outgoings (including Land Tax) and GST
Very conservative rental rate with huge future rental and value upside
Prime triple fronted corner landholding of 1,663sq m*
An outstanding Preston location neighbouring Northland Shopping Centre
A plethora of primary schools in the immediate catchment including Preston North East Primary School, Preston Primary School and more
The opportunity to secure such an affordable, high quality centre, securely leased to an established operator, and located within an established inner northern suburb is extremely rare, and as such we strongly recommend this investment opportunity.
59-65 Wood Street, Preston is For Sale by Expressions of Interest closing Wednesday 5 June at 2pm.