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1 Whitford Way (corner Painted Hills Road), DOREEN, VIC, 3754
Tenanted Investment
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Property Highlights

SUCCESSFUL CHILDCARE INVESTMENT - 20 YEAR LEASE TO NATIONAL OPERATOR STORY HOUSE
  • 20 YEAR TRIPLE NET LEASE
  • STORY HOUSE: 37 CENTRES NATIONALLY
  • SUBSTANTIAL LAND AREA OF 3,396SQM*

CBRE Australian Healthcare and Social Infrastructure is delighted to offer for sale 1 Whitford Way, Doreen. Leased to Story House Early Learning who operate 37 centres nationwide on a Triple Net Lease where the tenant pays all outgoings including land tax.

+ New 20 year lease to Story House Early Learning to 2041 plus options to 2056

+ Substantial landholding of 3,396sqm* with prominent dual street frontages

+ Land area of 3,396sqm* with substantial high-grade purpose built construction of 1,136sqm* (permit approved for 125 child care places) with significant income tax saving depreciation benefits and 25 car spaces

+ Current passing rental of $368,750 per annum with fixed 3.0% annual increases and a 6 month bank guarantee

+ Highly trafficked location with exceptional exposure to Bridge Inn Road of 4,900 cars per day*

+ Strategically located for child care at the Epicentre of Doreens education precinct; Ivanhoe Grammar (200m*), Hazel Glen College (400m*), St Paul the Apostle catholic Primary School (450m*), Ashley Park Primary School (900m*)

+ Located in the City of Whittlesea, one of the fastest growing municipalities in Australia, welcoming 156 new residents and 76 babies born every week

+ Doreen has a larger percentage of persons aged 0 to 4 (11.6% compared to 6.3% - Victorian Average) and a higher total labour force participation rate (73.9% compared to 60.5% - Victorian Average)

+ 1km* to Mernda Junction Shopping Centre anchored by Coles and Mernda train station providing direct access to Melbourne CBD in under 1hour

SOLD

OPEN FOR INSPECTION:

+ Saturday 27th March at 9am

For more information please contact the exclusive sales and marketing agents below.

Josh Twelftree

0452 524 985

Sandro Peluso

0418 389 757

Jimmy Tat

0439 399 188

Marcello Caspani-Muto

0417 065 777

approx*

Remember to mention you found this property on CommercialReady.com.au

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