1A Bernard Street Cheltenham VIC 3192

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present Mayfield Childcare, Cheltenham (Cnr Chesterville Road and Bernard Street).

A land rich childcare centre with 3 street frontages over a combined 140m* and the most desirable lease structure ever seen in Australian history.

ASX listed tenant Mayfield Childcare is responsible for the payment of all outgoings including land tax (multiple holding), management fees and CAPEX (incl. structure). Of most significance, the payment of outgoings includes all foreign ownership costs**.

Overview:

+Unprecedented 35 year initial lease term until 2055 with one (1) further 10 (ten) year option

+Triple net lease structure - the most landlord favoured lease ever offered to the Australian childcare market

+Tenant pays all outgoings including land tax (multiple holding basis), management fees and CAPEX

+Annual income of $609,993 + GST with uncapped annual CPI increases (minimum 2.5%)

+Leased to ASX Listed tenant Mayfield Childcare Limited with 45 Centres across Victoria, South Australia and Queensland

+2,598sqm* corner landholding with a highly valuable 3 street frontages to Chesterville Road, Bernard Street and Clendon Court

+120 place centre with 22 dedicated parking spaces

Location:

+Cheltenham has been recognized for its strong property value growth, with a medium house price of $1,200,000* and over 25%* growth over the last 5 years

+Convenient major arterial location with an immediate local catchment delivering a forecast 2,000+ new homes* over the next 20 years

+Well-connected, only 3 mins* drive from Nepean Hwy, with 32,000+ vehicles* passing daily

+Educationally dense location with 13+ schools within a 3km* radius of the subject property

+High levels of disposable income with median household income at $2,310, exceeding Victoria's average of $1,759

+Moments from critical Cheltenham retail and essential amenities inclusive of IGA Cheltenham (0.4km*), Aldi Cheltenham (1.8 km*), Woolworth (1.9km*), Westfield Southland (2.1km*), Bayroad East Shopping Centre (2.1km*)

To be sold via international expressions of interest closing on Tuesday 6th May at 2:00pm (EAST)

For further information, please contact the exclusive sales and marketing agents:

Marcello Caspani-Muto
+61 417 065 777

Sandro Peluso
+61 418 389 757

Jimmy Tat
+61 439 399 118

*Approximate
** **Each individual purchaser to do their own due diligence of cost recoverable