86 Springvale Road, Nunawading VIC 3131

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 86 Springvale Road, Nunawading (Cnr Springfield Road) for sale. An architecturally designed, eye catching 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 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 15-year lease to 2036 with (3) three further (10) ten-year options to 2066

+Annual income of $669,473pa* + 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

+Stunning and eye-catching improvements of 936sqm*, with construction completion in late 2021 offering significant depreciation benefits

+Unprecedented corner landholding of 2,140sqm* with significant main road exposure to both Springvale and Springfield Roads


Location

+Well located with 6+ notable primary and secondary schools within 2km* of the subject property including - Nunawading Christian College, St John’s Primary School, Mount Pleasant Road Primary School, Blackburn Lake Primary School, Whitehorse Primary School and Mullauna College

+Well connected via car and public transport options with the property moments from the entry/exit of the Eastern Freeway and Nunawading train station

+Nunawading has experienced moderate to high population growth in recent years, with a large percentage of residents being young families with children aged between 0-5 years old


+Within immediate proximity to retail amenity including the Whitehorse Road “Golden Mile” featuring Brand Smart, Home HQ, Bunnings and a host of additional options

OPEN FOR INSPECTIONS (By Appointment):

+ Tuesday 19th April at 1:00pm (On-site)
+ Thursday 27th April at 9:30am (Investor Seminar - Held at CBRE’s Office – Level 34, 8 Exhibition Street, Melbourne)
+ Tuesday 3rd May at 1:00pm (On-site)
+ Monday 8th May at 1:00pm (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