44 Galway Street, Seaford VIC 3198

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 44 Galway Street, Seaford for sale. A purpose-built childcare centre leased to one of the country’s top tier early learning providers.

Constructed with uncompromising standards amidst a back drop of rising development costs the subject property offers investors a stable long-term income stream with a 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 $364,000pa* + Outgoings & GST with fixed annual increases (CPI + 0.75%)

+Tenant pays all outgoings including land tax

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

+Architecturally designed improvements of 687sqm*, with construction completion in late 2022 offering significant depreciation benefits

+Underlying landholding of 1,251sqm* within walking distance to ample retail and dinning amenity

Location

+City of Frankston’s population forecasts predict that the population of Seaford is expected to continue to grow in the coming years, with an estimated population of 21,000 by 2041

+Local growth driven by the development of new housing estates in the area, which are particularly popular among young families

+The centre services a catchment containing six major schools including Frankston Primary School, Aldercourt Primary School, Mahony Rise Primary School, Monterey Secondary College, John Paul College & McClelland College

+Ample accessibility options via both public transport and car with immediate access to the Frankston & Morning Peninsula freeway entries within 1km*

+Within close proximity to local amenities including the Hartnett Drive commercial precinct containing numerous retail/hospitality options, Woolworths Seaford, Kanook Train Station as well as Frankston Hospital

OPEN FOR INSPECTIONS (By Appointment):

+Thursday 20th April at 10:00am (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 10:00am (On-site)
+Monday 8th May at 10:00am (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

NOI is based on FY23 Vendor Outgoings Budget. Prospective purchasers should make their own enquiries. NOI is as at 31 March 2023.

Remember to mention you found this property on CommercialReady