2 Crew Street Yallambie VIC 3085

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 2 Crew Street, Yallambie for sale. A purpose-built childcare centre leased to one of the country's top tier early learning providers.

Constructed with uncompromising standards amidst a back drop of rising development costs the subject property offers investors a stable long-term income stream with a significantly reduced early learning investment supply forecast in the years to come.

Part of the Elite Early Education Collection comprising ten (10) premium childcare investments offered individually or in one-line.

+New 20 year lease to 2042 with (2) two further (10) ten year options to 2062

+Annual income of $285,476pa + Outgoings & GST with fixed annual increases (CPI + 0.75%)^

+Tenant pays all outgoings including land tax

+Leased To Nido Early School - A brand synonymous with success and a powerhouse national operator featuring 99 centres in operation or under development across Australia

+Architecturally designed improvements of 480sqm*, with construction completion occurring in early 2022 offering significant depreciation benefits

Location

+Well located with immediate access via Lower Plenty Road, a major eastern suburbs thoroughfare

+Three notable primary schools within the immediate centre catchment (2km*) including - Rosanna Primary School, Viewbank Primary School, and Banyule Primary School

+Walking connected to retail and lifestyle amenity and within walking distance to McDonalds, Viewbank Medical Group, Coleen Street Playground and Reserve

+Underserviced early learning location with minimal competing high quality early learning centres within the immediate catchment

For more information please contact CBRE's National Healthcare & Social Infrastructure team below;

Sandro Peluso
0418 389 757

Jimmy Tat
0439 399 118

Marcello Caspani-Muto
0417 065 777

^4% cap & 3% collar. NOI is based on FY23 Vendor Outgoings Budget. Prospective purchasers should make their own enquiries. NOI is as at 31 March 2023.