321-323 Huntingdale Road, Chadstone VIC 3148

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 321-323 Huntingdale Road, Chadstone for sale. A purpose-built childcare centre located leased to one of the country’s top tier early learning providers.

Constructed with uncompromising standards amidst of back drop of rising development costs the subject property offers investors a stable long-term income stream with a backdrop of 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 $441,000pa* + Outgoings & GST with fixed annual increases (CPI + 1%)^

+Tenant pays all outgoings including land tax

+Leased To Nido Early School - A brand synonymous with success and a powerhouse national development operator featuring 99 centres in operation or the under development across Australia

+Architecturally designed improvements of 689sqm*, with construction completion in late 2022 offering significant depreciation benefits

+Underlying landholding of 1,962sqm* with exposure to Melinga Crescent and Huntingdale Road.

Location

+Adjoining Jordan reserve and Bayview Tennis club amongst other notable lifestyle amenity

+Centre servicing catchment area containing five primary and secondary schools including St Mary Magdalen’s School, Salesian College Chadstone, Christ our Holy Redeemer, Oakleigh Primary School and Mount Waverley Heights Primary School

+Additional retail amenity within walking distance including Chadstone Shopping Centre centre, positioned only 2km* away

+Excellent accessibility with access to the Monash freeway within close proximity as well as Huntingdale Road leading to Melbourne’s major arterial roadways

OPEN FOR INSPECTIONS (By Appointment):

+Thursday 20th April at 2:30pm (On-site)
+Thursday 27th April at 9:30am (Investor Seminar - Held at CBRE’s Office – Level 34, 8 Exhibition Street, Melbourne)
+Thursday 4th May at 2:30pm (On-site)
+Monday 8th May at 2:30pm (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. The prospective purchasers should make their own enquiries. NOI is as at 31 March 2023.

Remember to mention you found this property on CommercialReady