CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present for sale, 409-411 South Road, Brighton East (Cnr Barr Street) A trophy Brighton investment with 20 year net lease and unprecedented long-term land bank prospects.
Investment appeal is driven by a long-term lease to Only About Children a top tier global operator with over 80 campuses across Sydney, Melbourne and Brisbane.
Only 11km* from the Melbourne CBD Brighton is one of the countries most desirable postcodes and a tightly held residential and commercial precincts, underpinned by strong occupier and user demand and seeing significant historical land value growth. The Asset also benefits from significant long-term value-add opportunities with the ability to capitalise on the site's prime location activity centre zoning.
Overview:
+ Favourable activity centre zoning with underlying land area of 1,879sqm* and notable long-term capital appreciation prospects within one of Melbourne's most desirable suburbs
+True island site with no adjoining neighbours and development potential of eight (8) levels based on independent town planning advice
+ Annual Net Income of $823,107* and Outgoings with fixed 3.25% annual reviews
+ Landlord favoured lease maximising return on investment tenant pays all Outgoings, including land tax (50%) and CAPEX of a non-structural nature
+ 100% leased to Only About Children (OAC) a brand synonymous with success and premium childcare provider across Australia and owned by US based education powerhouse, Bright Horizons
+ 20-year lease with 2 terms of 10 Years to 2057, providing long-term income security with market rent reviews at commencement of option period's
+ Modern and high quality improvements with a building area of 960sqm over 2 levels with substantial depreciation benefits
LOCATION
+ Land rich opportunity within one of Australia's most sought after suburbs featuring a median house price of circa $3,200,000* and median annual family income (circa $163,000) well above the national average at $110,240
+ Unprecedented street exposure to three frontages South Road, Nepean Highway and Barr Street
+ Positioned at the intersection of notable office, retail and residential precincts the subject property is surrounded by high density projects both across Brighton and into Moorabbin
+ Well connected to public transport amenity via both train and bus services with Moorabbin Station less than 350m* from the property and various bus stops within 20m* of the subject property
+ Exceptional capital appreciation prospects Brighton's median house price increased by circa 70%* since 2015
+ 10 schools within 3km radius including Moorabbin Primary School (1.2km*), Tombolo Academy (1.3km*), Bentleigh West Kindergarten (1.4km*), Bentleigh West Primary school (2.0km*), Brighton Secondary College (2.1km*), St Mary's Pre-School (2.2km*), St Leonard's College (2.3km*), Haileybury Brighton (2.3km*), St Finbar's Primary School (2.5km*), Melbourne Montessori College (2.9km*) and more
For sale via International Expressions of Interest closing Tuesday 29th October 2024 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*
