5 year lease to January 2023 plus 5 year option to 2028.
Kumon Education, Established 1958 with 4.25 million student enrolments across 50 countries worldwide.
Tenant pays all outgoings.
2017 constructed 124 sqm premises with dual retail frontage commanding great street presence and exposure.
Positioned centrally within one of Melbourne’s most rapidly expanding corridors & surrounded by national tenants.
Ample car parking and excellent vehicle access with great street visibility.
Annual fixed 3% rent increases ensuring rental growth Targeted tenant specific demographic. Forecast age structure 5 to 9 (years) was 19,157 in 2011, set to grow to 29,607 by 2026.
Net Income: $29,870 pa + GST

Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne