84-86 Hull Road, Croydon VIC 3136

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 84-86 Hull Road, Croydon for sale. An architecturally designed, childcare centre leased to one of the country’s highest quality private childcare providers.

Constructed with uncompromising standards amidst a back drop of rising development costs the subject property offers investors a stable long-term income stream significantly reduced early learning investment supply in the years to come.

Part of the Elite Early Education Collection comprising ten (10) premium childcare investments offered individually or in one-line

+15-year lease to 2037 with (3) three further (10) ten year options to 2067

+Annual income of $424,176* + Outgoings & GST with fixed annual increases

+Explorers Early Learning – Highly respected, leading private childcare provider specialising in the Victorian market with 22 centres in operation and further across their development pipeline

+Architecturally designed improvements of 832sqm*, with construction completion in late 2022

+Underlying landholding of 2,626sqm* with ample main road exposure (45m*)

Location
+Positioned within the City of Maroondah and well connected to multiple major arterials including Mount Dandenong Road and Maroondah Highway with immediate access to the Ringwood transport and retail precinct.

+The City of Maroondah forecasts continued population growth in coming years, with an estimated population of 36,100 by 2041

+Centre servicing catchment area inclusive of 8 major schools within a 3km* radius including Croydon Community School, Ainslie Parklands Primary, Dorset Primary school, Croydon Primary School, Sacred Heart Primary School, Croydon Hills Primary school, Village School & Yarra Road Primary School

OPEN FOR INSPECTIONS (By Appointment):

+Wednesday 19th 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)
+Wednesday 3rd 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

NOI is based on FY23 Vendor Outgoings Budget. Prospective purchasers should make their own enquiries. Figure is net of land tax & land tax is not recoverable. NOI is as at 31 March 2023. 

Remember to mention you found this property on CommercialReady