CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 123 Albion Street, Brunswick (Cnr Austin Terrace), a recently renovated early learning investment in the heart of one of Melbourne's most desirable inner-city postcodes.
Fully leased to Froliq Early Learning, the tenant has demonstrated its long-term commitment to the site having just completed an all-encompassing renovation (Feb-25). Just 7km north of the Melbourne CBD, the subject property has been a longstanding childcare centre and features a strong local reputation within the community with additional maternal health services also offered within the premises.
Overview:
+Significant renovation completed in February 2025 with further play scape upgrades forthcoming
+3,490sqm* corner landholding with over 155m* combined street frontage allowing amble long-term development, value-add or expansion outcomes (STCA)
+126 place centre with 28 dedicated parking spaces and building area of 1,443sqm*
+Annual Income of $516,000 + GST with fixed 3.5% annual increases
+15 Year lease to 2039 with (2) two further (10) ten year options to 2059
+Highly serviceable rental of $4,100 per place, deemed to be below market levels offering opportunity for rental uplift
+True generational offering - first time offered to market in over 100 years
Location:
+Situated only 7km North of the Melbourne CBD and featuring a medium house price of $1,300,000*, Brunswick has experienced a significant 40%* growth in value over the past 5 years
+Conveniently located for families in the neighbourhood, where the local catchment is delivering 2520+ new homes over the next 10 years
+Well-connected location, only 1 min drive from major thoroughfare Sydney Road
+Dense surrounding education amenity with 13 school within 3km* radius
+Median weekly household income of $2,096 (above Victoria's average of $1,759) with a forecast of 3% growth per annum
+Moments from all Brunswick retail and education amenities along Brunswick Road, Lygon Street, & Sydney Road Retial Precinct, inclusive of Sparta Place (1.1km*), Barkly Square (2.1km*), Union Square Shopping Centre (2.9km*), Northcote Central (3.3km*), Northcote Plaza Shopping Centre (3.5km*)
+Surrounded by 13 primary and secondary educational facilities within a 3 km radius including St. Margaret Mary's Primary School (500m*), Brunswick East Primary School (1.4km*), Brunswick North Primary School (1.7km*) and Merri-bek Primary School (1.8km*)
For sale via international expressions of interest closing Friday 3rd April 2025 at 2:00pm (AEDT)
For further information, please contact the exclusive sales and marketing agents:
Sandro Peluso
+61 418 389 757
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
approx*
