57 McCormicks Road, Carrum Downs, VIC, 3201

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