138 Hoffmans Road Essendon VIC 3040

CBRE Australian Healthcare and Social Infrastructure is delighted to offer for sale 138 Hoffmans Road, Essendon. Leased to Guardian Early Learning who own and operate 100+ centres nationwide. Guardian Early Learning is backed by the Partners Group, one of the largest private market investment managers in the world with AUD $140 billion under management.

Renewed 10 + 10+ 10 year lease to 2050 (commencing 1 July 2020)

Land area of 1,894sqm* with substantial high-grade purpose built construction of 804sqm* with 22 car spaces

Current rental of $491,250 per annum** with fixed 3.5% or CPI annual increases, whichever is greater

Strong underlying land value with Essendon median house price presently $1,460,000*

Highly trafficked Hoffmans Road location (5,400 cars per day*) with generous street frontage of 40m*

Strategically located 250m* to Niddrie Central Shopping Centre anchored by Woolworths and the retail, food and lifestyle village of Keilor Road

Surrounded by high profile primary schools supporting this long standing child care centre; St John Bosco (400m*), Essendon North Primary School (950m*) and Niddrie Primary School (1.5km*)

For further information please contact the exclusive sales and marketing agents:

Josh Twelftree
+61 452 524 985

Jimmy Tat
+61 439 399 118

Marcello Caspani-Muto
+61 417 065 777

Sandro Peluso
+61 418 389 757

* approx

** as at 1 July 2021