CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 2 Crew Street, Yallambie for sale. A purpose-built childcare centre leased to one of the country’s top tier early learning providers.
Constructed with uncompromising standards amidst a back drop of rising development costs the subject property offers investors a stable long-term income stream with a significantly reduced early learning investment supply forecast in the years to come.
Part of the Elite Early Education Collection comprising ten (10) premium childcare investments offered individually or in one-line.
+New 20 year lease to 2042 with (2) two further (10) ten year options to 2062
+Annual income of $285,476pa + Outgoings & GST with fixed annual increases (CPI + 0.75%)^
+Tenant pays all outgoings including land tax
+Leased To Nido Early School - A brand synonymous with success and a powerhouse national operator featuring 99 centres in operation or under development across Australia
+Architecturally designed improvements of 480sqm*, with construction completion occurring in early 2022 offering significant depreciation benefits
Location
+Well located with immediate access via Lower Plenty Road, a major eastern suburbs thoroughfare
+Three notable primary schools within the immediate centre catchment (2km*) including - Rosanna Primary School, Viewbank Primary School, and Banyule Primary School
+Walking connected to retail and lifestyle amenity and within walking distance to McDonalds, Viewbank Medical Group, Coleen Street Playground and Reserve
+Underserviced early learning location with minimal competing high quality early learning centres within the immediate catchment
OPEN FOR INSPECTIONS (By Appointment):
+Tuesday 18th 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)
+Tuesday 2nd 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
4% cap & 3% collar. NOI is based on FY23 Vendor Outgoings Budget. Prospective purchasers should make their own enquiries. NOI is as at 31 March 2023.3
