Prized Child Care Investment

SOLD

2 David Drive

Sunshine West VIC 3020

Retail

FOR SALE

703m2

The Savills CBD & Metropolitan Sales team is delighted to offer for sale by Expressions of Interest this prized child care investment offering a secure investment opportunity while being ideally surrounded by an education cluster of primary and secondary schools.

The key features of this prized investment opportunity include;

- A modern, purpose built centre licensed for 93 places for children aged from 8 weeks – 6 years old
- Superior design and very high quality built centre
- Substantial land holding of 2,216sq m* occupying a prominent corner location with two street frontages
- First class improvements comprising building area of 703sq m* with 18 onsite car spaces, including 4 staff spaces
- Long 10 x 5 x 5 year lease commencing November 2009 to G8 Education Limited – a international ASX listed operator with 400 + centres in Australia and Singapore
- Current net rental of $198,061 per annum* offering significant rental upside
- Ideal suburban location positioned directly opposite Glen Gala Shopping Village, with 8 primary schools and 5 secondary schools in direct proximity and surrounded by a dense residential catchment of young families

This is an exceptional opportunity to secure a high quality centre securely leased to a national operator and located within an established residential suburb, and as such we strongly recommend this investment opportunity.

2 David Drive, Sunshine West is for Immediate Private Sale.

For further information, please contact:

Julian Heatherich - 0412 995 655