63-67 Canning Street

Avondale Heights VIC 3034

+Recently renewed 20-year lease to 2043 with (2) two further (10) ten year options to 2063

+Corner landholding of 2,287sqm* with highly valuable existing improvements including basement parking

+Purpose-built childcare centre licensed for 120 Long Day Care (LDC) places with a building area of 935sqm* plus 25 basement car parks

+Leased to long-term operator Avondale Heights Early Learning Centre a flagship childcare provider with a proven trading history since 2009

+Annual income of $596,711 + GST & outgoings with fixed 3.5% annual increases

+ Undeniably one of Australia's leading essential service sectors with continuing demand for childcare services across the country resulting in heightened investment appetite.

+The property's current improvements are offered at below replacement cost and have significant future reversionary potential.

LOCATION

+Outstanding dual street exposure with multiple frontages of 50m* to Canning Street and 32m* to Ahern Place

+Surrounded by dense educational amenity featuring a high volume of young families. Schools include Avondale Primary School, Saint Margaret's Primary School, Maribyrnong College, Moonee Ponds West Primary School, Aberfeldie Primary school & Ascot Vale West Primary School

+ Centrally located to an abundance of additional healthcare and retail services including Highpoint Shopping Centre (2km*), Bunnings Maribyrnong (1.6km*), Canning Reserve (380m*), Footscray Hospital (3km*) & Central West Shopping Centre (2.6km*)

+Well connected to public transport including Train, Tram and Bus while also located under 4min* from the Western Ring Road entry/exit which services all Melbourne's major arterials

For further information contact Australia's market leading Healthcare & Social Infrastructure specialists:

Marcello Caspani-Muto
+61 417 065 777

Jimmy Tat
+61 439 399 118

Sandro Peluso
+61 418 389 757

*approx.