Brand new 20 year lease from 20 February 2018, plus options to 2058.
Property 100% leased to Deakin School for Early Learning, exceeding National Quality Framework standards.
Standalone boutique 90 place centre , 20+ years in operation, 100% occupancy.
Large 2,250sqm premises with 19 car spaces on title.
Recent tenant upgrades include decking improvements, new blinds and skylighting, kitchen and office refurbishment, partitions (approx. $150,000).
Close to educational, commercial and medical facilities within 2 King Street precinct in affluent suburb of Deakin.
Guaranteed rental growth with attractive 4% rental increases.
Net lease with tenant paying all usual outgoings.
Net income: $306,000 pa + GST (increasing to $644,000 + GST in 2037).