LAND RICH INVESTMENT LEASED TO ASX LISTED GIANT G8 EDUCATION ON MAJOR RETAIL STRIP
CBRE Australian Healthcare & Social Infrastructure is proud to exclusively present 761-763 Gilbert Road, Reservoir. A purpose-built childcare centre leased to Australia’s largest ASX listed operator, G8 Education.
With dual street frontages to Gilbert Road and Henty Street, the subject property is positioned at the centre of a core commercial hub and retail strip.
Coupled with notable rental upside potential and an operational history of strong occupancy and growing daily fee rates, additional investment highlights include:
OVERVIEW
+Annual income of $418,499 + outgoings (including land tax) and GST with fixed 4% annual increases
+Underlying land area of 2,476sqm* zoned both Commercial 1 (1,848sqm*) and General Residential (628sqm*)
+Leased to ASX Listed G8 Education – Australia’s largest listed early learning provider with over 440 childcare centres and a market cap of circa $850 million
+13 year lease term plus (1) one further (10) ten year option to 2042
+Meticulously maintained centre with notable recent CAPEX expenditure
+The property’s current improvements are offered at below replacement cost and have significant future reversionary potential.
LOCATION
+Positioned on major Reservoir retail/commercial strip
+Outstanding exposure with multiple street frontages of 30m* to Gilbert Road and 15m* to Henty Street
+Highly accessible location via car and public transport services, positioned only 1.2km* from Reservoir Station and major arterials connecting to Preston, Melbourne CBD & more
+Strong childcare demand ratio - Reservoir features a ratio of 3:62* children (under the age of 5) per available childcare place
+High growth median house price suburb with a 22% average increase in the past 3 years
+ Surrounded by dense educational amenity including St Gabriel’s Primary School (1km*), Reservoir Views Primary School (3km*), Holy Name Primary School (2.6km*), Maharishi School (2.8km*), Reservoir East Primary School (2.6km*), Reservoir West Primary School (500m*), Reservoir Primary School (1.5km*), William Ruthven Primary School (2.6km*) & more
+Additional healthcare and retail amenity includes, Reservoir Private Hospital and leading national retailers, Coles and Woolworths
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING TUESDAY 5TH SEPTEMBER AT 2.00PM (AEST)
OPEN FOR INSPECTIONS (By Appointment):
+Thursday 10th August at 12:00pm
+ Thursday 17th August at 12:00pm
+ Thursday 24th August at 12:00pm
+ Thursday 31st August at 12:00pm
For further information contact Australia’s market leading Healthcare & Social Infrastructure specialists:
Marcello Caspani-Muto
+61 417 065 777
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
*approx.
Remember to mention you found this property on CommercialReady
