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SOLD

263-265 Centre Road, Bentleigh, VIC, 3204

Properties / Sold / Victoria / Bentleigh

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Closing Wednesday 20th March at 3pm

Land Area

1,545 m² (*approx)

Floor Area

505 m² (*approx)

Property Type

Child/Healthcare, Retail

Terms

10 year lease plus options to established National childcare operator

Est. Income

$366,350 p/a

Fully Leased

Roseberry House

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2. Property Highlights

Ultra Rare Childcare Centre Investment On 1,545sqm* Of Prime Commercial 1 Zoned Land

33.80 Metres* of Priceless Frontage
Long Lease to National Operator
Ultimate Landbank Investment

Fitzroys, under instructions from Connect Plus, is delighted to present 263-265 Centre Road, Bentleigh for sale by Expressions of Interest closing Wednesday 20th March at 3pm.

Offered for the first time in almost 30 years, this ultimate land bank investment provides purchasers with the rare opportunity to secure an impressive childcare centre on one of the largest Commercial 1 zoned sites within Bentleigh’s highly sought after retail precinct.

The key attributes of this opportunity include:

- Long lease to established National childcare operator trading as ‘Roseberry House’

- Securely guaranteed by New Zealand publicly listed company

- With fixed annual rental increases

- Highly desirable Commercial 1 zoned landholding of 1,545sqm* with future potential for multi-level development outcomes (stca)

- Improvements consist of a purpose built 93 place childcare facility plus extensive outdoor play areas

- Exceptional frontage of over 33 metres to Centre Road and offering 12 on site car parks, plus convenient dual car access points

- Within Bentleigh’s high preforming retail and lifestyle precinct, home to 3 full line supermarkets (Coles, Woolworths, Aldi) and well known national and local traders

- Surrounded by numerous schools

- Metres from the revamped Bentleigh Train Station

For further information or an inspection, please contact Fitzroys selling agents Chris Kombi, Tom Fisher or Ben Liu.

Remember to mention you found this property on CommercialReady