CBRE Australian Healthcare & Social Infrastructure are delighted to exclusively present 2-8 Ballarto Road, Frankston North, for sale. An architecturally designed, childcare centre leased to one of the country's highest quality childcare providers.
Constructed with uncompromising standards amidst aback 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 15 year lease to 2037 with (3) three further (10) ten-year options to 2067
+ Annual income of $448,976pa* + 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 872sqm*, with construction completed in late 2022 offering significant depreciation benefits
+Corner landholding with private access via Ballarto Service Road and additional exposure to Dandenong Valley Highway
Location
+Frankston North has experienced a significant growth over the past few years with a high uptake of young families moving within the area due to a variety of factors including affordability
+Centre centrally located within a catchment area containing 6 major school including Frankston Primary School, Aldercourt Primary School, Mahony Rise Primary School, Monterey Secondary college, John Paul College & McCelland College
+Situated near local amenities and necessary everyday services including Woolworths Seaford, Kanaook Train Station and Frankston Beach/Pier all within 5km*
+Accessibility options plentiful with ease of access to the Bayside's main freeways in Mornington Peninsula Freeway and Frankston Freeway
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.
