CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 117 Kooyong Road, Armadale for sale. An architecturally designed, eye catching childcare centre leased to one of the country’s highest quality private childcare providers.
Constructed with uncompromising standards amidst a back drop of rising development costs the subject property offers investors a stable long-term income stream of significantly reduced early learning investment supply forecast in the years to come.
This unique opportunity allows investors the opportunity to acquire a long-term investment in one of the country’s most esteemed suburbs.
Part of the Elite Early Education Collection compromising ten (10) premium childcare investments offered individually or in one-line
+New 15-year lease to 2037 with (3) three further (10) ten-year options to 2067
+Annual income of $951,720 + Outgoings & GST with fixed annual increases
+Tenant pays all outgoings including land tax
+Explorers Early Learning – Highly respected, leading private childcare provider specialising in the Victorian market with 22 centres in operation and further across their development pipeline
+Modern and high-quality existing improvements incorporating a state-of-the-art childcare extension and renovation of 1131 sqm*
+Underlying landholding of 2,525 sqm* within one of Melbourne’s tightest held postcodes making future replication highly unlikely
Location
+Armadale is a top 10 Victorian suburb located approximately 7 kilometers southeast of Melbourne's CBD
+Services a catchment area containing some of Melbourne most expensive education facilities including, Armadale Primary School, Lauriston Girls School, The King David School, Auburn Primary School, De La Salle College and St Jospeh’s School
+Walking distance to local amenities including Woolworths Toorak, Cabrini Hospital, Armadale Train Station and Armadale’s exclusive High Street precinct
+Numerous parks and gardens including Malvern Cricket Ground, Toorak Park & Orrong Romanis Reserve
OPEN FOR INSPECTIONS (By Appointment):
+Thursday 20th April at 1:00pm (On-site)
+Thursday 27th April at 9:30am (Investor Seminar - Held at CBRE’s Office – Level 34, 8 Exhibition Street, Melbourne)
+Thursday 4th May at 1:00pm (On-site)
+Monday 8th May at 1:00pm (On-site)
For Sale Via International Expressions of Interest Closing Tuesday 9th May 2023 at 2pm (AEST)
For more information please contact CBRE’s National Healthcare & Social Infrastructure team below;
Sandro Peluso
0418 389 757
Jimmy Tat
0439 399 118
Marcello Caspani-Muto
0417 065 777
^NOI is based on FY23 Vendor Outgoings Budget. Prospective purchasers should make their own enquiries. NOI is as at 31 March 2023.
Remember to mention you found this property on CommercialReady
