7 Clarendon Street

Avondale Heights VIC 3034

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 $428,400pa* + 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 732sqm*, with construction completion in late 2022 offering significant depreciation benefits

+Underlying landholding of 1,414sqm* within walking distance of Avondale Primary School, Coles, McDonalds and the Military Road retail precinct.


Location

+Located at the heart of a major education catchment surrounded by (6) six notable schools Avondale Primary school, Saint Margaret's Primary School, Maribyrnong College, Moonee Ponds West Primary, Aberfeldie Primary school & Ascot Vale West Primary School

+Moonee Valley City Council forecast that population numbers will continue to grow with an estimated 13,600 people to live within the area by 2041

+Within immediate proximity of retail and lifestyle amenity including, Highpoint shopping Centre, Milleara Shopping Centre, Medway Golf Club and the Military Road Retail precinct all within 3km*

+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 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. The prospective purchasers should make their own enquiries. NOI is as at 31 March 2023)