Skip to main content
46 Dendy Street
Brighton VIC 3186
SearchBack to results
Sold on 22 Feb 2024

46 Dendy Street Brighton VIC 3186

  • Medical / Consulting
  • 2,380 m²
  • Sold

BAYSIDE PEARL - CHILDCARE INVESTMENT ON LARGE LAND HOLDING WITH CPI + 1% INCREASES

  • Blue-Chip Bayside location
  • ASX Listed Tenant – G8 Education
  • Tenant pays all outgoings

CBRE Australian Healthcare & Social Infrastructure are pleased to exclusively present for sale 46 Dendy Street, Brighton. This purpose-built childcare centre features prime placement in one of Melbourne's exclusive bayside suburb, Brighton. Nestled along one of Brighton's best streets, occupying a substantial landholding of 1,839sqm*.

Service approved and currently licensed for 171 Long Day Care (LDC) places, the sale presents a unique and compelling opportunity to acquire one of Melbourne's best childcare centre in both design and build quality in one of Melbourne's elite bayside suburb with impeccably maintained existing improvements.

Further enhancing appeal is a highly sought after 15-year triple net lease to Australia's largest and well-known early learning operator, G8 Education. With $850m of market capitalisation and over 450 childcare centres nationwide in operation, this provides investors with the financial security lacking among a wide variety of assets in today's market.

Only 11km* from the Melbourne CBD the centre is also enviably connected to public transport with both train and bus options for staff in additional to notable basement parking options.

+ Annual income of $910,000pa* + outgoings & GST with CPI + 1% annual increases (next increase May 2024)

+ Net lease with tenant paying all outgoings including management fees

+ Premium improvements across two levels encompassing spacious playrooms, offices, and associated spaces across 2380 sqm*.

+ Underlying land area of 1,839 sqm* with 37 premium car parking spots, future proofing long-term investment outcomes

+ Currently licensed for 171 Long Day Care (LDC) places

+ 15 year lease term plus two (2) further ten (10) years options to 2054

+ High exposure location, with substantial street frontage (37m*) offering an excellent opportunity for prominent and highly visible signage

+ Leased to The Learning Sanctuary, part of G8 Education premium centre line ASX listed G8 education, an ASX listed operator across 450+ centres nationally, market cap circa $850 million

LOCATION

+ Positioned down the road of St Joan of arc school (350m) and moments away form Brighton Beach primary school (600m), Brighton Grammar Junior school (1.5km), St Leonards college (2.2km), Brighton Secondary College (2.2km), Haileybury Brighton (2.5km) andStar of the sea College (3.2km)

+ Situated within walking distance to Church street retail & shopping precinct (650m), boasting significant premium retail and hospitality amenity

+ Accessibility options via Dendy Road plus public transport through Middle Brighton Train Station (650m*), Dendy St/ Burrows St (290m), Whyte st/ Dendy street (400m), Dendy Street/ Church street (500m)

+ Located within 11km* of Melbourne CBD with a median house price of approximately $3,100,000* (Melbourne's Medium House $934,000 REIV)

For Sale via Expressions of Interest Closing Thursday 15th February at 2:00pm (AEDT)

For further information, please contact the exclusive sale/leasing and marketing agents:

Jimmy Tat
+61 439 399 118

Sandro Peluso
+61 418 389 757

Marcello Caspani-Muto
+61 417 065 777

approx*

CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold22 Feb 2024
Floor Area2,380 m²
Land Area1,839 m²
ParkingOn site parking available
Property ID2018963496
Category
Last updated  6 Mar 2024
Map for 46 Dendy Street Brighton VIC 3186
CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold22 Feb 2024
Floor Area2,380 m²
Land Area1,839 m²
ParkingOn site parking available
Property ID2018963496
Category
Last updated  6 Mar 2024

More about 46 Dendy Street Brighton VIC 3186

46 Dendy Street Brighton VIC 3186 is categorized as Medical & Consulting Property. It has a floor area of 2,380 m² and a land area of 1,839 m². The listing ID for this property is 2018963496.

More Medical / Consulting properties for Sale in Brighton VIC

Sold
199-215 new street,brighton, VIC 3186
2,245 m²
Medical / Consulting
Sold
46 dendy street,brighton, VIC 3186
2,380 m²
Medical / Consulting
Sold
388 bay street,brighton, VIC 3186
305 m²
Medical / Consulting