• Sold
Brand New Childcare Investment
Brand New Childcare Investment
Brand New Childcare Investment
Brand New Childcare Investment
Brand New Childcare Investment
Brand New Childcare Investment
Brand New Childcare Investment
Brand New Childcare Investment
Brand New Childcare Investment
Brand New Childcare Investment

For Sale

Expressions of Interest 7th Mar 2019 on-site
Colliers International is pleased to offer 1-3 Vera Street, Frankston for Private Sale .

1-3 Vera Street, Frankston represents an excellent opportunity to acquire a well-positioned, boutique childcare investment in the heart of Frankston. Currently leased to a quality operator in ‘Frankston House Sanctuary of Early Learning’ the property is leased until 2028 with ample options. Not only is this an opportunity to buy an investment with an enviable childcare catchment its immediate amenity are world class.

Key investment highlights are as follows:

- Quality and experience privately owned childcare operator trading as ‘Frankston House Sanctuary of Early Learning’

- Significant net income of $212,025 p.a*
- Attractive 3% annual rental reviews

- Newly refurbished/redeveloped childcare centre for 78 places

- Substantial options totalling 30 years

- Strategically located in the heart of Frankston just moment to Frankston Hospital, Monash University and the Frankston CBD

- Substantial 1,772m² offers long-term development options/foundations

- Frankston location – the Gateway to the Mornington Peninsula

Property Details

  • 12/09/2019
  • Contact our experts for details on this transaction