15 YEAR EDUCATION INVESTMENT LEASED TO PREMIUM OPERATOR, BIRCHES EARLY LEARNING
CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present for sale, 57 McCormicks Road, Carrum Downs.
A purpose built 128 place centre with highly favourable demand trends. The subject property represents a market leading early learning offering for Melbourne's Carrum Downs, Frankston and Sandhurst catchments.
Constructed with uncompromising design standards amidst a backdrop of escalating construction costs, the subject property offers significant depreciation benefits, allowing astute investors returns rivalling that of individual site acquisition and centre development.
OVERVIEW
+Purpose-built childcare centre licensed for 128 places, plus on grade parking for 28 cars
+New 15-year lease to 2038 with (2) two further (10) ten year options to 2058
+Leased to highly regarded and rapidly expanding childcare provider, Birches Early Learning with four Victorian locations and further across the development pipeline
+Annual income of $460,800 pa*+ GST and outgoings plus both 3-month* bank guarantee and personal guarantee
+Architecturally designed improvements by leading specialist firm, Point Architects
+Construction completion in early 2023 with maximum depreciation benefits remaining
+Strategic 2,024 sqm* landholding positioned moments from leading retail amenities
LOCATION
+Walking distance to Carrum Downs Plaza (400m*) including Coles, Frankston Area GP, Shell and more
+Highly accessible location via car, train or bus and positioned moments from high demand coastal childcare catchments in Seaford & Frankston
+Undeniable demand ratio across the Skye and Sandhurst catchments of 9.7:1, ensuring strong long-term occupancy prospects
+Accessible from all parts of wider Melbourne with the Mornington Peninsula Freeway and Eastlink 2.2km* and 3.9km* away respectively.
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING TUESDAY 5TH SEPTEMBER AT 2.00PM (AEST)
OPEN FOR INSPECTIONS (By Appointment):
+Wednesday 9th August at 12:30pm
+Wednesday 16th August at 12:30pm
+Wednesday 23rd August at 12:30pm
+Wednesday 30th August at 12:30pm
For further information contact Australia’s market leading Healthcare & Social Infrastructure specialists:
Sandro Peluso
+61 418 389 757
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
*approx.
Remember to mention you found this property on CommercialReady
