1-3 Vera Street, Frankston

At this address is a unit located on a lot in PC350750 Frankston VIC. The local government is Frankston, it has 1 bedroom, 1 bathroom.

ABOUT THE PROPERTY

Bedrooms
1
Bathrooms
1
Car spaces
20
Land size
1772 m2
Building size
1772 m2
Council area
Frankston
Year built
n/a
Lot plan
PC350750 Frankston VIC
House type
Business: Health & Education



HISTORY

Last sold 03/05/2019
$3,440,000



LISTING DESCRIPTION
as of May 2019

Brand New Childcare Investment Colliers International is pleased to offer 1-3 Vera Street, Frankston for Private Sale .1-3 Vera Street, Frankston represents an excellent opportunity to acquire a well-positioned, boutique childcare investment in the heart of Frankston. Currently leased to a quality operator in Frankston House Sanctuary of Early Learning the property is leased until 2028 with ample options. Not only is this an opportunity to buy an investment with an enviable childcare catchment its immediate amenity are world class.Key investment highlights are as follows:- Quality and experience privately owned childcare operator trading as Frankston House Sanctuary of Early Learning- Significant net income of $212,025 p.a*- Attractive 3% annual rental reviews- Newly refurbished/redeveloped childcare centre for 78 places- Substantial options totalling 30 years- Strategically located in the heart of Frankston just moment to Frankston Hospital, Monash University and the Frankston CBD- Substantial 1,772m offers long-term development options/foundations- Frankston location the Gateway to the Mornington Peninsula