5-7 Clarendon Street, Avondale Heights VIC 3034

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 5-7 Clarendon Street, Avondale Heights 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 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 $428,400pa* + 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 a powerhouse national operator featuring 99 centres in operation or under development across Australia

+Architecturally designed improvements of 732sqm*, with construction completion in late 2022 offering significant depreciation benefits

+Underlying landholding of 1,414sqm* within walking distance of Avondale Primary School, Coles, McDonalds and the Military Road retail precinct.

Location

+Located at the heart of a major education catchment surrounded by (6) six notable schools – Avondale Primary school, Saint Margaret’s Primary School, Maribyrnong College, Moonee Ponds West Primary, Aberfeldie Primary school & Ascot Vale West Primary School

+Moonee Valley City Council forecast that population numbers will continue to grow with an estimated 13,600 people to live within the area by 2041

+Within immediate proximity of retail and lifestyle amenity including, Highpoint shopping Centre, Milleara Shopping Centre, Medway Golf Club and the Military Road Retail precinct all within 3km*

+Well connected to public transport including Train, Tram and Bus while also located under 4min* from the Western Ring Road entry/exit which services all Melbourne’s major arterials.

OPEN FOR INSPECTIONS (By Appointment):

+Tuesday 18th April at 11:30am (On-site)
+Thursday 27th April at 9:30am (Investor Seminar - Held at CBRE’s Office – Level 34, 8 Exhibition Street, Melbourne)
+Tuesday 2nd May at 11:30am (On-site)
+Monday 8th May at 11:30am (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