8-10 Sherwin Court Melton VIC 3337

CBRE Australian Healthcare & Social Infrastructure is delighted to exclusively offer for sale 8-10 Sherwin Court, Melton. A purpose built childcare centre on over an acre of land with immediate value-add / expansion potential.

Leased to highly respected Victorian provider Little Stars with 7+ locations, the subject property features a demonstrated history of strong long-term occupancy strength and stability.

Overview:

+Annual income of $365,650 pa* + GST and outgoings (As at Feb-24), plus 6-month bank guarantee and directors guarantees

+Leased to Little Stars - Longstanding Victorian early learning provider with 7+ locations and a proven history of strong occupancy

+Immediate value-add potential with plans for a 31 place extension (STCA)

+Low site coverage with well maintained improvements across 792sqm* and oversized outdoor spaces

+10 year net lease until 2034 plus options to 2064

+Substantial underlying land area of 4,004sqm

Location:

+ One of Australia's highest growth locations with a forecast population increase of 102% by 2046

+Well connected to educational institutions inclusive of, Muhammadiyah Australia College (180m*), Melton Primary School (2.2km*), St Dominic's Primary School (2.3km*), CCO Melton (2.6km*), Djerriwarrh Community College (1.2km*), and more

+Within immediate proximity of both retail and dinning amenity including Melton Gateway (1.0km*), Central Walk Shopping Centre (2.3km*), Melton IGA (2.3km*), Aldi Melton (2.7km*), and more

For sale via expressions of interest closing Tuesday 29th October 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*