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20 Reservoir Road, Frankston, Vic 3199

20 Reservoir Road, Frankston, Vic 3199

Medical/Consulting Land/Development

  • Sold Contact Agent
  • Sat 26-Oct-19

Affordable Child Care Investment Leased to Blue Chip Tenant

  • Leased to Affinity Education
  • Boutique 65 Place Centre
  • Significant Residential Landholding

  • Land Area
  • 2211.00 m² (approx)
  • Floor Area
  • 380 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Dec 12, 2019

Interested in this property? Contact an Agent today

Savills Melbourne - MELBOURNE

150 Collins Street

Melbourne Vic 3000

Affordable Child Care Investment Leased to Blue Chip Tenant

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% increases
- Significant landholding of 2,211sq m*
- General Residential Zone
- Situated in prime suburban Frankston location with 12 Primary and Secondary schools within 2km*

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.

For Immediate Private Sale

For further information please contact:

Mark Stafford - 0404 401 053
Yvonne Zhou - 0415 100 831

20 Reservoir Road, Frankston, Vic 3199

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