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44 Galway Street, SEAFORD, VIC, 3198

+4 Photos

+6 Photos

SOLD

44 Galway Street, SEAFORD, VIC, 3198

Properties / Sold / Victoria / Seaford

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

EOI Closed - Offers Under Review

Land Area

1,250 m² (*approx)

Floor Area

1131 m² (*approx)

Property Type

Retail, Child/Healthcare, Other

Sub-type

Child Care, Mixed Use

Terms

Lease: 20+10+10 years

Est. Income

$364,000 p/a

Fully Leased

Think Childcare

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2. Property Highlights

Seaford Childcare Investment - Part of the Early Education Portfolio

Places: 91
Income: $364,000pa*
Lease: 20+10+10 years

Savills, Burgess Rawson and CBRE are delighted to present a premium portfolio of 21 Early Education investments located within select, high-growth corridors in Melbourne and Perth.

The Seaford investment at 44 Galway Street presents an outstanding opportunity with the following key attributes:

- Childcare centre of 91 places

- 20+10+10 year lease

- Operated by Think Childcare

- Commencing net income of $364,000pa*

- Annual rental increases of 3 – 4% (Min/max based on CPI + 0.75%)

- New construction with significant depreciation benefits

- Strategically located near several primary and secondary schools including St Anne’s Primary and Belvedere Park Primary

- Seaford has a local population which comprises 40% of families^

*Approximate. ^2016 Census Quick Facts, Seaford (Vic)

UNDER OFFER

For further information on this opportunity or the whole portfolio of premium assets, please contact the exclusive selling agents.

Remember to mention you found this property on CommercialReady.com.au