Skip to Main Content

59-65 Wood Street, Preston, Vic 3072

59-65 Wood Street, Preston, Vic 3072

Medical/Consulting Other

  • Sold Contact Agent
  • Wed 12-Jun-19

Affordable Child Care Centre Investment with Huge Upside

  • Secure 25 year lease
  • Operated by G8 Education Ltd
  • Licensed 100 place centre

  • Land Area
  • 1663.00 m² (approx)
  • Floor Area
  • 605 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Aug 07, 2019

Interested in this property? Contact an Agent today

Savills Melbourne - MELBOURNE

150 Collins Street

Melbourne Vic 3000

Affordable Child Care Centre Investment with Huge Upside

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:
- A prominent child care centre investment
- 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.

Mark Stafford - 0404 401 053
Jesse Radisich -

59-65 Wood Street, Preston, Vic 3072

Be the first to see new properties

Sign up for a MyCommercial account to get property alerts.

Get Email Alerts