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Sold on 26 Oct 2017

Lot 2, 222 Plenty Road Bundoora VIC 3083

  • Retail
  • 1,225 m²
  • Sold

BRAND NEW STATE OF THE ART CHILDCARE INVESTMENT WITH NEW 20 YEAR LEASE

CBRE Victorian Health, Aged and Child Care are pleased to offer for sale Lot 2, 222 Plenty Road, Bundoora via the CBRE Premium Portfolio Auction, Thursday 26th October from 6pm. This is 1 of 4 childcare investments in a portfolio being offered separately.

- Brand new state of the art purpose built childcare investment

- Leased to Niño Early Learning Adventures with strong Melbourne network of 13 trading and forthcoming centres

- High quality boutique family operator & childcare developer / builder of 20+ years experience

- New 20 year lease with 10 year option, plus 3% annual increases and 6 month bank guarantee

- Income: $581,400 pa* + GST & Out's

- Permit: Childcare centre for 152 children

- Land area: 4,221sqm*

- Building area: 1,225sqm*

- Status: Construction nearing completion - imminent opening December 2017 (strong registrations of interest)

- Gateway location to award winning Uni Hill Business Park, retail centre and factory outlets, with 130 retailers and 1,500+ employees

- Undervalued asset class experiencing exceptional demand due to Melbourne's booming population growth

- Investment sector supported by $37billion investment by Federal Government over the next 4 years & subsidies for childcare centre parents

- Attractive depreciation benefits

- Strategic catchment location

*approx.

Scott Orchard
+61 425 760 712

Josh Twelftree
+61 452 524 985

Sandro Peluso
+61 418 389 757

Kinson Wong
+61 450 712 341

AUCTION

Auction date and time26/10/2017 18:00
Auction locationLevel 34, 8 Exhibition Street, Melbourne

Property Highlights

Property ID2013889708
Date Sold26 Oct 2017
Floor Area1,225 m²
Land Area4,221 m²
ParkingAsk Agent
Category
Last updated  26 Oct 2017
Map for Lot 2, 222 Plenty Road Bundoora VIC 3083
Map for Lot 2, 222 Plenty Road Bundoora VIC 3083Lot 2, 222 Plenty Road Bundoora VIC 3083
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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