Keilor Downs, Vic 3038, Address available on request

Securely leased to a national chidcare provider, this is a magnificent investment property, with a current lease to 2037 with an additional 3 further terms of 5 years. Current rental return of $329, 558 plus GST and outgoing expenses, with annual rental increases. Current return is just over 5% before any increases.
Located within an esablished catchment of predominantly famliy homes, the property has  a corner landholding of 2238 sqm and with 26 on site car parking spaces. It is purpose built as a childcae facility licensed for 122 childcare places.
The property is within walking distance to Keilor Central Shopping Centre. It is highly favourable Commercial 1 Zoning, providing for future development potential and felxibility of use.