CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present for sale, 14 Station Street, Aspendale (Crn Station Street & Attenborough Road), a premium two (2)- Storey childcare investment underpinned by a secure lease to national early learning powerhouse Guardian Childcare and Education, one of the country's largest providers and is backed by global investment powerhouse Partners Group with US$147 Billion under management.
Admist significantly reduced early learning investment supply forecast and challenging development conditions, Aspendale centre was constructed and designed with uncompromising standards by award-winning builder "Belot Property Group" & architect "The Ellis Group", offering investors a stable long-term income stream in the years to come.
Overview:
+Leased to Guardian Childcare & Education with 175 centres across Australia and backed by Partners Group a leading Swiss investment firm
+ Annual income of $688,700* + GST and outgoings with fixed 3.0% annual reviews
+ Brand New 15 years lease + options to 2059, with tenant pays all outgoings including maintenance & repairs excluding structural repairs
+ General Residential Zoned corner site with Underlying land holding of 2,308sqm* and notable long-term capital appreciation prospects within one of the Victoria's most desirable coastline suburbs
+ Brand new centre with 142 places (subject to service approval) and building area of 1,068sqm* with high-quality improvements and design features
+ Designed by child care experts, The Ellis Group and delivered by award-winning builder Belot Property Group to ensure the highest standards for childcare centre
+Substantial depreciation over the first 5 years of ownership notably increasing your return on investment
+ General Residential Zoned corner site with Underlying land holding of 2,308sqm* and notable long-term capital appreciation prospects within one of the Victoria's most desirable coastline suburbs
+ Prominent street exposure at the busy Station Street with 56m* frontage with 12,000 daily passing traffic
Location:
+ Land rich opportunity featuring a median house price of circa $1,400,000* (over 86% growth in the last 10 years.) and median annual family income of $151,944 (40%* higher than the national average)
+ Incredibly undersupplied suburb for childcare services, portrayed through a Child/LDC Place ratio of 4.87* in Aspendale
+ Significant education cluster with 2,800 enrolments across 6 schools within 2km*, including Mordialloc College (50m*), St Louis de Montfort's Primary School (1.1km*), Aspendale Primary School(1.2km*), St Brigid's Parish Primary School (1.2km*), Mordialloc Beach Primary School (1.2km*), Yarrabah School (1.8km*), and more
+ Close proximity to retail and hospitality amenity, including Mordialloc Plaza (1.0km*), Main Street Mordialloc (1.0km*), Woolworths Mordialloc (1.1km*), Aldi Mordialloc (1.1km*), and more
+ Well connected to public transport amenity, including Aspendale Train Station & Mordialloc Train Station and bus routes within 100m* of the subject property
To be sold via international expressions of interest closing on Thursday 6th March 2025 at 2:00pm (AEDT)
For further information, please contact the exclusive sales and marketing agents:
Jimmy Tat
+61 439 399 118
Marcello Caspani-Muto
+61 417 065 777
Sandro Peluso
+61 418 389 757
approx*
