117A Kooyong Road

Armadale VIC 3143

This unique opportunity allows investors the opportunity to acquire a long-term investment in one of the country's most esteemed suburbs.

Part of the Elite Early Education Collection compromising ten (10) premium childcare investments offered individually or in one-line

+New 15-year lease to 2037 with (3) three further (10) ten-year options to 2067

+Annual income of $951,720* + Outgoings & GST with fixed annual increases^

+Tenant pays all outgoings including land tax

+Explorers Early Learning Highly respected, leading private childcare provider specialising in the Victorian market with 22 centres in operation and further across their development pipeline

+Modern and high-quality existing improvements incorporating a state-of-the-art childcare extension and renovation of 1131 sqm*

+Underlying landholding of 1,986 sqm* within one of Melbourne's tightest held postcodes making future replication highly unlikely


Location

+Armadale is a top 10 Victorian suburb located approximately 7 kilometers southeast of Melbourne's CBD

+Services a catchment area containing some of Melbourne most expensive education facilities including, Armadale Primary School, Lauriston Girls School, The King David School, Auburn Primary School, De La Salle College and St Jospeh's School

+Walking distance to local amenities including Woolworths Toorak, Cabrini Hospital, Armadale Train Station and Armadale's exclusive High Street precinct

+Numerous parks and gardens including Malvern Cricket Ground, Toorak Park & Orrong Romanis Reserve

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


^NOI is based on FY23 Vendor Outgoings Budget. Prospective purchasers should make their own enquiries. NOI is as at 31 March 2023.