- Stake your claim on one of the most significant development sites to come to market in Craigieburn.
- Former Restaurant and corner land parcel spanning 1,736 square metres (approx.)
- Approved planning permit for 108 place childcare centre is close to final the building permit stage. The plans work within the current footprint and entail an extension to join the two buildings.
- Ample existing parking
- Agreement for Lease is in place with a highly reputable and experienced childcare operator.
- Rental income on completed childcare centre is $405,000 + GST per annum
- Lease term 10+10+10 year and reviews 3% per annum, market reviews at the end of each term.
- Explore the potential for other uses STCA or consider the future development prospects of this prime location.
- Make this property a part of your investment portfolio, and ensure you don’t miss this once-in-a-lifetime chance to own a significant land parcel in a prime location.
NOTE: Land comprises of 254 Craigieburn Road and 2A & 4 Dorchester Road, Craigieburn.
Sold! – Contact Agent
Contact Celestine Eramo 0408 111 383 to receive a detailed information memorandum and lease documentation.
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ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.
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