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

OPEN FOR INSPECTIONS (By Appointment):

+Tuesday 18th April at 1:00pm (On-site)
+Thursday 27th April at 9:30am (Investor Seminar - Held at CBRE’s Office – Level 34, 8 Exhibition Street, Melbourne)
+Tuesday 2nd May at 1:00pm (On-site)
+Monday 8th May at 1:00pm (On-site)

For Sale Via International Expressions of Interest Closing Tuesday 9th May 2023 at 2pm (AEST)

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 2023.3

Remember to mention you found this property on CommercialReady