86-88 Springvale Road

Nunawading VIC 3131

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

+New 15-year lease to 2036 with (3) three further (10) ten-year options to 2066

+Annual income of $669,473pa* + Outgoings & GST with fixed annual increases^

+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

+Stunning and eye-catching improvements of 936sqm*, with construction completion in late 2021 offering significant depreciation benefits

+Unprecedented corner landholding of 2,140sqm* with significant main road exposure to both Springvale and Springfield Roads


Location

+Well located with 6+ notable primary and secondary schools within 2km* of the subject property including - Nunawading Christian College, St John's Primary School, Mount Pleasant Road Primary School, Blackburn Lake Primary School, Whitehorse Primary School and Mullauna College

+Well connected via car and public transport options with the property moments from the entry/exit of the Eastern Freeway and Nunawading train station

+Nunawading has experienced moderate to high population growth in recent years, with a large percentage of residents being young families with children aged between 0-5 years old


+Within immediate proximity to retail amenity including the Whitehorse Road "Golden Mile" featuring Brand Smart, Home HQ, Bunnings and a host of additional options

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. Figure is net of land tax & land tax is not recoverable. NOI is as at 31 March 2023.