+36 Photos

SOLD

1 Riddell Road, Sunbury, VIC, 3429

Properties / Sold / Victoria / Sunbury

Vacant Possession

Click to view all listings in the Portfolio

1. Property Summary

Selling Method

Contact Agent

Selling Details

Contact Agent

Land Area

2,640 m² (*approx)

Floor Area

2640 m² (*approx)

Property Type

Child/Healthcare

Sub-type

Child Care

Terms

20 Year Lease to 2039 with (2) two further (10) ten year options to 2059

Est. Income

$370,914 p/a

Fully Leased

Beginnings Early Learning

Show All

2. Property Highlights

HIGH EXPOSURE 20 YEAR EDUCATION INVESTMENT WITHIN CORE COMMERCIAL ACTIVITY CENTRE AND MAJOR GROWTH LOCATION

Returning $409,919 * + Outgoings & GST
20+10+10 Year Lease To 2059
Top Australian Growth Suburb

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 1 Riddell Road (Cnr Horne Street), Sunbury for sale. A purpose-built childcare centre at the heart of one of Australia’s fastest growing municipalities with growth forecasts of 148% by 2041.

Constructed with uncompromising standards amidst a backdrop of rising construction costs, the subject property offers investors a long-term income stream in a market witnessing declining availability of early learning investments (forecast to drive rapid price growth).

Part of the National Early Learning Collective comprising four (4) premium childcare investments offered individually or in one-line across Victoria, South Australia, and Western Australia.

+ 20 Year Lease to 2039 with (2) two further (10) ten year options to 2059

+ Annual income of $409,919 * (As at March 2024) + Outgoings & GST with fixed annual 3% increases

+ Substantial corner landholding of 2,640sqm* with exposure to both Riddell Road and Horne Street

+ Architecturally designed improvements complete in 2019 and leased to experienced local provider Beginnings Early Learning with 25+ years’ experience in the childcare sector

+ Highly affordable rental ensuring long-term tenant viability with notable upside (Currently circa $3,000 per place)

LOCATION

+ At the heart of Sunbury’s Commercial Hub and opposite McDonalds, Shell, Woolworths and the Sunbury Square Shopping Centre

+ Within walking distance of additional healthcare and lifestyle amenity including Sunbury Day Hospital, Sunbury Medical Centre, Target, Lakeside Stadium and numerous primary and secondary education campuses

+ One of Australia’s highest growth municipalities with forecasts indicating a 148% population increase by 2041 (101,000* + new residents)

+ Accessible via both Bus and Train services both less than 1km* from the subject property

For Sale via Expressions of Interest Closing Thursday 15th February at 2:00pm (AEDT)

For further information, please contact the exclusive sale/leasing and marketing agents:

Sandro Peluso

+61 418 389 757

Jimmy Tat

+61 439 399 118

Marcello Caspani-Muto

+61 417 065 777

approx*

Remember to mention you found this property on CommercialReady

Vacant Possession

1. Property Summary

Property Type

Child/Healthcare

Sub-type

Child Care

Est. Income

$370,914 p/a

Tenant

Beginnings Early Learning

Terms

20 Year Lease to 2039 with (2) two further (10) ten year options to 2059

Land Area

2,640 m² (*approx)

Floor Area

2640 m² (*approx)

Selling Method

Contact Agent

Selling Details

Contact Agent

2. Property Highlights

HIGH EXPOSURE 20 YEAR EDUCATION INVESTMENT WITHIN CORE COMMERCIAL ACTIVITY CENTRE AND MAJOR GROWTH LOCATION

Returning $409,919 * + Outgoings & GST
20+10+10 Year Lease To 2059
Top Australian Growth Suburb

Part of the National Early Learning Collective comprising four (4) premium childcare investments offered individually or in one-line across Victoria, South Australia, and Western Australia.

+ 20 Year Lease to 2039 with (2) two further (10) ten year options to 2059

+ Annual income of $409,919 * (As at March 2024) + Outgoings & GST with fixed annual 3% increases

+ Substantial corner landholding of 2,640sqm* with exposure to both Riddell Road and Horne Street

+ Architecturally designed improvements complete in 2019 and leased to experienced local provider Beginnings Early Learning with 25+ years’ experience in the childcare sector

+ Highly affordable rental ensuring long-term tenant viability with notable upside (Currently circa $3,000 per place)

LOCATION

+ At the heart of Sunbury’s Commercial Hub and opposite McDonalds, Shell, Woolworths and the Sunbury Square Shopping Centre

+ One of Australia’s highest growth municipalities with forecasts indicating a 148% population increase by 2041 (101,000* + new residents)

+ Accessible via both Bus and Train services both less than 1km* from the subject property

For Sale via Expressions of Interest Closing Thursday 15th February at 2:00pm (AEDT)

For further information, please contact the exclusive sale/leasing and marketing agents:

Sandro Peluso

+61 418 389 757

Jimmy Tat

+61 439 399 118

Marcello Caspani-Muto