1 Sparks Avenue Burwood VIC 3125

Savills is delighted to offer for sale this brand new child care blue-chip investment located at 1 Sparks Avenue, Burwood. This state-of-the-art centre has a long term lease to one of Victoria's best child care operators.

The key attributes of this outstanding asset include:

Absolute premium 73 place child care centre
High-end 590sq m* facility
Blue-chip 1,433sq m* landholding
Brand New 14 year lease with 3 x 10 year options
Commencing net rental of $383,250 per annum + GST
Fixed annual rental increases of 3%
Leased to one of Victoria's best child care providers, AMIGA Montessori, with 15 locations across Melbourne and Adelaide
New building providing significant depreciation potential
High exposure corner location with direct proximity to 10 primary and secondary schools

This is a rare opportunity to secure an absolute blue-chip investment with a long term lease to an industry leading tenant.

Julian Heatherich 0412 995 655
Benson Zhou 0458 488 888

*Approx.