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Sold on 16 Dec 2020

138 Hoffmans Road Essendon VIC 3040

  • Medical / Consulting
  • 804 m²
  • Sold

BLUE CHIP EDUCATION INVESTMENT LEASED TO NATIONALLY RECOGNISED OPERATOR GUARDIAN WITH 100+ CENTRES ACROSS AUSTRALIA

    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

    Jimmy Tat
    CBRE Melbourne
    Jimmy Tat
    CBRE Melbourne

    Property Highlights

    Property ID2017232117
    Date Sold16 Dec 2020
    Floor Area804 m²
    Land Area1,894 m²
    Parking22 x Onsite parkings
    Building TypePartial building
    Category
    Last updated  3 Sep 2021
    Map for 138 Hoffmans Road Essendon VIC 3040
    Map for 138 Hoffmans Road Essendon VIC 3040138 Hoffmans Road Essendon VIC 3040
    Jimmy Tat
    CBRE Melbourne
    Jimmy Tat
    CBRE Melbourne

    Property Highlights

    Property ID2017232117
    Date Sold16 Dec 2020
    Floor Area804 m²
    Land Area1,894 m²
    Parking22 x Onsite parkings
    Building TypePartial building
    Category
    Last updated  3 Sep 2021
    CBRE Melbourne
    Level 34, 8 Exhibition Street Melbourne VIC 3000
    Jimmy Tat
    CBRE Melbourne
    Jimmy Tat
    CBRE Melbourne
    Jimmy Tat

    Jimmy Tat

    CBRE Melbourne

    +61 *** ***
    +61 439 399 118

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