138 Hoffmans RoadEssendon VIC 3040
Property Details for 138 Hoffmans Rd, Essendon
Last Listing description (September 2021)
CBRE Australian Healthcare and Social Infrastructure is delighted to offer for sale 138 Hoffmans Road, Essendon. Leased to Guardian Early Learning who own and operate 100+ centres nationwide. Guardian Early Learning is backed by the Partners Group, one of the largest private market investment managers in the world with AUD $140 billion under management.
Renewed 10 + 10+ 10 year lease to 2050 (commencing 1 July 2020)
Land area of 1,894sqm* with substantial high-grade purpose built construction of 804sqm* with 22 car spaces
Current rental of $491,250 per annum** with fixed 3.5% or CPI annual increases, whichever is greater
Strong underlying land value with Essendon median house price presently $1,460,000*
Highly trafficked Hoffmans Road location (5,400 cars per day*) with generous street frontage of 40m*
Strategically located 250m* to Niddrie Central Shopping Centre anchored by Woolworths and the retail, food and lifestyle village of Keilor Road
Surrounded by high profile primary schools supporting this long standing child care centre; St John Bosco (400m*), Essendon North Primary School (950m*) and Niddrie Primary School (1.5km*)
For further information please contact the exclusive sales and marketing agents:
Josh Twelftree
+61 452 524 985
Jimmy Tat
+61 439 399 118
Marcello Caspani-Muto
+61 417 065 777
Sandro Peluso
+61 418 389 757
* approx
** as at 1 July 2021
Property History for 138 Hoffmans Rd, Essendon, VIC 3040
- 03 Apr 2024Sold for $9,000,000
- 16 Jun 2021Transferred
- 09 Dec 2020Sold for $8,600,000
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0About Essendon 3040
The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2011 was 18,852 people. By 2016 the population was 20,611 showing a population growth of 9.3% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon work in a professional occupation. In 2011, 64% of the homes in Essendon were owner-occupied compared with 60.2% in 2016.
Essendon has 12,909 properties. Over the last 5 years, Houses in Essendon have seen a 41.83% increase in median value, while Units have seen a 2.16% increase. As at 31 August 2024:
- The median value for Houses in Essendon is $1,882,941 while the median value for Units is $544,943.
- Houses have a median rent of $680 while Units have a median rent of $490.
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