CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 465-467 Warrigal Road, Ashwood (Cnr George Street).
Ideally located just 14km* from Melbourne's CBD and only 7 minutes* from Chadstone Shopping Centre, this brand-new childcare centre is leased to Ashburton Early Learning. The operator is backed by leading national childcare service manager Early Learning Management (ELM) Group with 95+ centres under management.
The prominent corner site on major arterial Warrigal Road (32,000 daily passing traffic) ensures exceptional exposure. Just a minute from the highly regarded Ashburton Primary School and the local train station, this opportunity delivers investors all major investment fundamentals as a set and forget investment.
Constructed to uncompromising standards amidst rising development costs, this outstanding property offers investors a secure, long-term income stream in a market where development forecasts on new centres indicate significantly reduced supply in the coming years.
Overview:
+ Leased to Ashburton Early Learning, by leading national childcare service manager Early Learning Management (ELM), which currently manages over 95 centres with a strong occupancy
+ Brand-new, state-of-the-art childcare centre with well-appointed indoor and outdoor play areas, ensuring plenty of natural light and space for the children
+ Corner location with significant street exposure of 90m* frontage to major arterial Warrigal Road (with 32,000 passing daily traffic)
+ Licensed for 104 long day care (LDC) places, plus 22 dedicated parking spaces
+ Passing income of $442,000 + GST with fixed 3.5% annual increases
+ Brand-new 15-year initial lease term plus four (4) further five (5) year options to 2060
+ Guarantees: 6 months Bank Guarantee & Corporate Guarantee
+ Offers significant depreciation benefits with circa $400k over the 1st five (5) years
Location:
+ Well-established residential location with strong population growth, a forecast increase of 30% over the next 20 years in City of Monash, along with 20,000 new dwellings in the pipeline
+ Only 900m* from one of area's best schools, Ashburton primary school, and proximity other multiple primary and secondary educational facilities, including St. Michael's Primary School (1km*), Ashwood High School (1.2km*), Melbourne Christian Church school (1.2km*), Parkhill Primary School (1.4km*), Ashwood Special Education School (1.6km*), Essex Heights Primary School (2.7km*) and more
+ Only 7 mins* from Chadstone Shopping Centre and moments from other essential retail amenities, inclusive of Chemist Discount Ashwood (0.4km*), Woolworth Ashwood (0.6km*), IGA Camberwell (1.4km*), IGA Ashburton (1.6km*), Aldi Chadstone (2.0km*), Coles Chadstone Village (2.0km*), Bunnings Chadstone (2.0*) and more
+ Located within 14km* of Melbourne CBD, with a median house price of approximately $1,500,000* (50% above Victoria average)
+Only 1km* from Ashburton Train Station plus multiple bus stations right at the doorstep
For sale via international expressions of interest closing Thursday 21st August at 2.00pm (AEST)
For further information, please contact the exclusive sales and marketing agents:
Jimmy Tat
+61 439 399 118
Marcello Caspani-Muto
+61 417 065 777
