720 HIGH STREET, KEW EAST
Savills is delighted to offer for sale 720 High Street, Kew East. This state of the art, fully refurbished childcare centre presents immaculately throughout and represents an incredible opportunity to secure a perfectly positioned corner investment within one of Melbourne’s most desirable suburban locations.
The key attributes of the property include:
Just completed, fully refurbished state of the art childcare centre
Leased to high quality national operator – Guardian Early Learning (100+ centres nationally)
New 20+10+10 year lease from September 2015
Current Net Rental: $339,692 per annum* + Outgoings & GST
Highly secure lease with fixed rental growth and 17 month* bank guarantee (being $542,014)
Currently permitted for 68 places, with tenant to apply to increase to 77 places (and rent to increase accordingly)
Huge tenant capital investment showing long-term commitment to the location
Highly valuable corner landholding of 775sq m*
12 on-site car spaces
An outstanding Kew East location in close proximity to Harp Village, Kew East Primary School, St Anne’s Catholic Primary School, Kew East High School and more
The opportunity to secure such a high quality modern childcare centre, securely leased to a national operator and located within one of Melbourne’s premium suburban locations is extremely rare, and as such we strongly recommend this investment opportunity.
720 high street, Kew East is For Sale by Expressions Of Interest closing Tuesday 8 may at 2pm.