1 Capra Court, NARRE WARREN NORTH, VIC, 3804

CBRE Australian healthcare and social infrastructure is delighted to offer for sale 1 Capra Court, Narre Warren (Corner Hallam North Road). A purpose built childcare centre for 130 places and premium investment opportunity in one of Melbourne's key future growth suburbs, with strong underlying land value growth and outstanding demographics

OVERVIEW

+ Impressive brand new 1,075sqm* purpose built childcare centre licensed for 130 places plus on grade parking for 31 cars

+ 20 year triple net lease to Imagine Childcare & Kindergarten: long established and highly successful early education provider with over 20 centres nationally

+ Triple Net Lease – tenant pays all outgoings including: maintenance, insurances, rates, management fees and land tax (single holding basis)

+ Annual income of $433,217.36pa*+ GST & outgoings (inc land tax) with fixed 3% annual increases plus 3 month Bank Guarantee

+ Construction completion in March 2022 offering strong depreciation benefits and featuring expansive indoor & outdoor play centres

+ Elevated 4,031sqm corner site in prestigious Regal Rise Estate with combined street frontage of over 150 metres

LOCATION

+ Welcome to Regal Rise at Capra Court in a prestigious court location, bordering on parkland with commanding views over the valley. Surrounded by quality homes and approximately 36km from Melbourne CBD with easy freeway access

+ Only minutes' to many local amenities including Westfield Fountain Gate and Endeavour Hills shopping centre (3km*), only 200 metres from James Cook Drive bus interchange providing services to all surrounding shopping centres and Packenham Railway Station

+ Home to numerous quality education facilities, including Thomas Mitchell Primary School (800metres*), Gleneagle Secondary College (1.46km*), Maranatha Christian School (1.59km*), Haileybury Private and Monash University Berwick Campus.

+ Numerous surrounding parks and gardens including Frogs Hollow Reserve. Other surrounding parks include Narre Warren North Recreation Reserve and Lysterfield Park and lake

+ The property is extremely well positioned to access major roads including the Monash Freeway which is currently undergoing a major upgrade as part of the 5.5 Billion Western Distributor Project

+ Positioned within one of Victoria’s fastest growing locations with forecast population growth of 61.93% by 2041

FOR SALE VIA BOARDROOM AUCTION ON TUESDAY 12TH APRIL AT 2.30PM (AEST) AT CBRE MELBOURNE OFFICE

For further information, contact the exclusive sale and marketing agents:

Sandro Peluso

+61 418 389 757

Marcello Caspani-Muto

+61 417 065 777

Jimmy Tat

+61 439 399 118

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