Nido Avondale Heights, 5-7 Clarendon Street Avondale Heights VIC 3034

Stonebridge Property Group, as part of Victoria's Premier Childcare Portfolio, is pleased to present Nido Avondale Heights (5-7 Clarendon Street, Avondale Heights) for sale via Expressions of Interest closing Thursday 24 October 2024 at 3:00 pm (AEDT).

The key highlights of the opportunity include:

- 20 year net lease to 2042 plus options to 2062 with CPI + 0.75% annual rent increases (3% Collar, 4% Cap)

- Nido Early School a high performing, national operator with 100+ centres in operation or in the development pipeline

- Prominent 1,414 sqm* site improved by a newly built 102 place facility providing significant depreciation benefits

- Ideal childcare location with 22 schools within a 3 km* radius, directly neighbouring Avondale Primary School & within walking distance of national tenant Coles

- City of Moonee Valley an affluent metro-Melbourne municipality with population forecasted to reach 167,000+ by 2046

- Net Lease Structure - Tenant pays all usual outgoings including Land Tax

- Net Income $463,357 pa* + GST and secured by a 6 months' rent plus outgoings Bank Guarantee

Nido Avondale Heights (5-7 Clarendon Street, Avondale Heights) is for sale via Expressions of Interest closing Thursday 24th October 2024 at 3:00 pm (AEDT). To obtain further information, or arrange an inspection please contact the exclusive selling agents, Stonebridge Property Group.

Rorey James
+61 439 400 081

Kevin Tong
+61 422 848 818

*Approximately

Property Code: 1081