31 Nepean Highway Elsternwick VIC 3185

CBRE is delighted to offer for sale 31 Nepean Highway, Elsternwick. An unprecedented opportunity to secure a state of the art child care centre and premium investment opportunity in one of Melbourne's most elite suburbs (median house price in excess of $2,100,000), with strong underlying land value growth and outstanding demographics.

- Fully leased to Niño Early Learning Adventures A leading private operator that sets the standard for childcare education

- Passing income of $675,000 pa* with 3% fixed annual increases plus 6 month bank guarantee

- Substantial land holding of 2,186sqm* favourably zoned Residential Growth Zone (RGZ1)

- Premium building area of 1,024sqm* plus rooftop play area of 283sqm* (construction soon to commence) with approved permit for 128 places

- Superbly located metres from some of Melbourne's elite schools including, Caulfield Grammar, Wesley College, Elsternwick Primary School, Elwood Primary School & Caulfield Primary School

- Strategically located to nearby Primary Schools including: 800+ children at Elwood Primary (1.1km*), 600+ children at Elsternwick Primary School (650m*) and 300+ children at St Joseph's Primary School (650m*) - 1,700 children total*

- Surrounded by internationally renowned destinations including Caulfield Racecourse, Luna Park, Elwood and St Kilda Beach

- Elsternwick has experienced 82% growth in median house price over the last 5 years, making for an extremely valuable landholding

Josh Twelftree
+61 452 524 985

Bianca Butterworth
+61 410 558 126

Jimmy Tat
+61 439 399 118

Sandro Peluso
+61 418 389 757

*approx